Sell Houses for Investment? Wrong!!
What is wrong? Is not the price of the house growing up?
If you consider home, wherever located, is an investment, you are wrong. Although its value from year to year increase, but no real income earned.
The truth, the house is a liability or an asset consumption because it causes money out. Not an investment, or a productive asset that always bring the money in.. Do not forget that the house needed furniture, equipment, and costs such as electricity, water, security, and phone each month and the UN each year.
The money that home buyers should be able to bring in revenue. Instead of making your money ‘works’ for you, you just work for money and not use it wisely. Exactly you work for a bank and your house is not productive.
Houses can be considered an investment if you buy the house for resale with a higher price or rent it. That way, your house becomes productive and generate cash flow for you.
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