Hey champion. Question: For a 55-year-old couple. There is 'only' NIS 100,000 to invest... their own house with...
Hey champion. ⬅️ Question: For a 55-year-old couple. There is 'only' NIS 100,000 to invest... their own house with a mortgage of less than NIS 100,000. Not working at the moment. A small pension. and an allowance. Is it possible and worthwhile to invest in real estate, for the present or for the not too distant future? (Let's say a roof for another 10 years).
How will they invest? From what money? Where will they supplement money for repairs when necessary ?? * The writer is an accountant and financial planner
I would leave a margin of confidence in repaying the mortgage and realizing the property immediately if needed
I used to focus on properties up to 350 thousand, there are still some today in the far outskirts
dangerous
Anything is possible but not sure it will be in line with the goal. It is very worthwhile to do it in a considered manner. If they do not have experience and knowledge in real estate investing highly recommend them to schedule a consultation appointment. This can save them a lot of hassle and unnecessary risks.
i would say go for it but in steps - first to invest in a stock / bond based portfolio in order to increase the savings. when the initial fund is solid, think about whats next.
On the face it is certainly possible.
You should choose an investment area with affordable prices and higher yields, such as overseas and the periphery.
And it is worth considering the possibility of mortgaging the existing property in place or in addition to equity.
There are deals around the 270-350
It is clear that you should accompany an expert and professional in the field.
dangerous
dangerous
My recommendation is to get financial advice from an experienced and recommended professional. There are investment channels in the real estate field, which can be done in small amounts and provide very nice returns (10% and more), without messing with tenants' headaches, maintenance, etc. With the amount available to them, it is possible to invest the money in these channels and enjoy an increase in equity, to the point of more than doubling it within 10 years.
The age of 55 nowadays is really young. When the life expectancy is 80 90 and more 🙂
As they said above - it is always possible and worthwhile to find options for investment and development. Both in real estate and in other areas - again,
Carefully and solidly.
After the right examination and the right accompaniment - you can understand what is worthwhile and of course -
If any.
Do not understand. For a couple who is not working now, there is a mortgage on the other, free money that can cover the entire mortgage? I was not at all wavering. Covers a mortgage and is not looking for an investment adventure
Would you like to start dealing in real estate and more with such an amount?
First of all, meet with a real estate consultant with at least 5 years of experience in the field and accompany more than 50 transactions. Start running between banks and apartments will give nothing if the planning on paper does not work out in terms of numbers. If there is a written plan that includes an economic and tax plan then it is possible to go out into the field.
On his face is dangerous.
Beware!