Re: Real Estate as an Investment
There are factors to consider I'd say. Is this house in a location where she will easily find tenants?? Plus it's a 25 year old home.. these days new homes in newer communities cost almost the same so why would she want to invest in such an old home? Is she sure it needs no renovation? It'd be ideal if this place was close to a uni campus so she can individually rent out the rooms.. more moolah that way!
If I had that kinda money for investment, Id definitely not buy such an old house for one,.. except if it was highly upgraded or I was buying it for its prestige... say original woodwork/ brick work and such.. but I guess no. Id still not personally buy such an old house. Too many skeletons hidden in its closet imo.