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| Indian tractor tycoon Anand Mahindra becomes a billionaire as shares jump |
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| Thanks for so many GREAT questions. Follow me on twitter . We'll be back next Wed for another Twitter chat |
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| . depends on market but seller. inventory tight, bidding wars, investors v. consumers making spring seller's market |
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| who would you say is at a greater advantage today, the buyer or the seller? |
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| . 1. long-term financial plan 2. location 3. prop taxes. and good front door recoups costs. |
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| The top 3 things to consider when investing in real estate & the #1 way to improve a house's value? |
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| . calculate monthly mortgage payment as % of income v. comp rent prices. check out Trulia's rent v buy too |
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| How do you know if its better to rent or buy? |
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| . depends on where you personally want to live and what your finances look like to buy! |
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| For a young investor, would it be better to buy 1 house for $300k or two smaller ones for $150k each and rent one of them? |
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| . check local rents, calculate market cap to see if income flow is cash +. be prepared to fix faucets if u rent out. |
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| when is it smarter to rent out your place rather than sell it? |
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| . I think so- strong fundamentals make them appealing for long-term. but only if you plan to stay awhile |
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| Are boomtowns good places to buy homes? |
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| . already is: folks moving back to cities (downtowns) for jobs. homeownership rate at 18 yr low, expected to drop more |
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| Poverty is increasing at the fastest rate in suburbs vs cities. How will this effect American dream? |
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| . Buy low in good hood, over-estimate ownership cost, hold long-term and dont get emotionally attached |
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| I'm 18 years old and considering investing into real estate in the future. Any advice you can give me to succeed? |
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| . bottom reached, recovery def on horizon. very local-- some areas already underway like CA,TX.Others like NY longer |
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| Is the housing recovery somewhere in the horizon? Or is it still a distant dream? |
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