Post from the heart for young people ❤️
Yield? interest ? A profitable investment?
Some of the young people are not familiar with these concepts.
And it's a shame, why a pity?
Because as long as we are young = we need to worry about our financial future…
You know that even if you make a bad investment in real estate at a young age, you will still be profitable!
Want to know why? I will explain.
Suppose you are now 21-23 years old living with your parents and you have a savings of 100, you are students who work part time and bring in about 3-4 a month.
Instead of the money just lying in the bank, you go and buy a property in the periphery in the region of 350 thousand. The rest of the money you take out in a mortgage, will usually be asked by your parents as guarantors - but I believe that whoever is determined and explains everything to his parents in an orderly manner will get their support and this time it will not be financial 😉
Okay so let's go ahead, let's say you bought a property for 350 in the periphery - that is, 25% of the capital you put into buying the property - you got 87,500.
Another 15-20 thousand will go to you for a lawyer, opening a mortgage case, an appraiser, and even some cosmetics and house cleaning to brighten it up.
You can rent such houses in the periphery in the area of 1600 NIS minimum per month, your mortgage repayment will be around 1000 NIS per month.
Now let's analyze the pros and cons ?!
+ Other people who rent the house from you, slowly buy you your mortgage!
+ You have created for yourself another cute cash flow every month!
+ The value of the property each year increases in value, even a drop - it's already good!
+ You begin to understand how the investment world works and begin to scrub slowly!
+ A few more years, you are working and saving money, you have a property that is slowly buying itself = this means that in a few more years you can invest again in either real estate or any other field, and even if you want a loan - when you come to the bank with a property in your name, The bank will look at you in a positive way!
Cons? Maintenance of the property, for which you can take a management company.
And here and there you will have a little preoccupation with the property.
But I think it's worth it, instead of the money lying in the bank, or going for some car that after a few years you will no longer be enthusiastic about and it will lose its value - because our world is very modern today, you will have a property, or even a number of properties that have almost bought you All the mortgages in them !!
and then ?! So, the time has come for you to mature with a head on your shoulders and after a degree, start building your life.
And there you can sell your property at its new value, repay the small balance of the mortgage and start your way of life with your own equity !!
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