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best area to buy for rental income

Started by dhk
over 15 years ago
Posts: 2
Member since: Jun 2010
Discussion about
Greetings everyone, and thank you in advance for your advice. I currently live in nyc and plan on being here for another 2-3 years. I though it might be a good idea to buy a one bedroom apartment in city, and rent it out after I leave. Do you think this is a good idea? If so where would be the best place to maximize my rental income. Also, i do not foresee myself being forced to sell the apartment in the near future and if needs be i will be able to prepay the mortage. thank you
Response by PMG
over 15 years ago
Posts: 1322
Member since: Jan 2008

If you have that kind of liquidity, you might try day trading leveraged equity or commodities ETFs for the next three to eight weeks. While the FED has promised QE2 will last through the end of June 2011, speculators may be in full force while the lifeguard is still on duty. Then if all goes well with that, you might have 10-25% more money to work with.

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Response by maly
over 15 years ago
Posts: 1377
Member since: Jan 2009

Risky, awful ROI, illiquid, high transaction costs. What's not to like?

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Response by dhk
over 15 years ago
Posts: 2
Member since: Jun 2010

Good idea PMG, but im looking for a much low beta investment. Also im not very good at day trading. thanks

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