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Are You Assured of Real Estate Profits? |
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Thursday, 15 June 2006 |
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Investor Alex Hartzler of WCI Partners of Harrisburg said Thursday in Lemoyne that Real estate investment has a bright and a dark side.
Hartzler explained that if you have $10,000, you can buy property worth $100,000. Hartzler, a lawyer who is in real estate investing full time after 10 years of renovating old homes in his spare time, added another advantage: Real estate can be a useful investment if you are living in the property. The audience of professional women, some of them bankers and real estate agents, also could list the down side of real estate investing. Despite of the risk of losing money in a stagnant economy or losing all the equity, it becomes impossible to keep up mortgage payments. However, Hartzler recommends real estate as a very solid investment over time. He also added that relationships with bankers and real estate agents are crucial. He said that the healthy market continues but the real estate bubble just refuses to burst. By M. Sese http://realestatepress.org |