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A conversation with a reader:
Hi Ak71,
I would like to get some advice weather I should get a private apartment and do long term investment at the same time.
As for the apartment I would like to rent it out and sell it. I am still very green in these area. Hope we can have a small talk help me understand and look at the bigger picture.
Some information total cost of the unit 4xx k, getting 80% loan from bank.
Regards,
L
My reply:
Hi L,
Welcome to my blog. :)
I won't say too much. I will just ask you to consider the following:
1. You want to go to my blog's right side bar and look for the box labelled "Investing in real estate".
2. If you are interested in long term investment for passive income, you might want to go to my blog's right side bar and look for the box labelled "Passive Income: A Journey."
3. Of course, make sure you have your personal finances in order first before proceeding to try your hand at investments. This is very important. Anyway, you might want to look for the box labelled "My Methods and Philosophy."
If you read up on the links in the boxes suggested, you will get an idea what I might say to you in your case. ;)
Best wishes,
AK
I have published more than 2,000 blog posts and counting. Do a search and you might find the stuff you have in mind. Please read disclaimer found at the bottom of this blog too.
Related posts:
1. To rent or to buy? Rule of 15.
2. To retire by age 45, start with a plan.
3. How to have peace of mind as an investor?
4. When to buy a private residential property?
5. Ask two questions when buying an investment property.
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