So when Warren says invest do we invest? He said we should buy Real Estate now…
“Warren Buffett says along with equities, single-family homes are a very attractive investment right now. Appearing live on CNBC’s Squawk Box, Buffett tells Becky Quick he’d buy up “millions” of single family homes if it were practical to do so.”
“If held for a long period of time and purchased at low rates, Buffett says houses are even better than stocks. He advises buyers to take out a 30-year mortgage and refinance if rates go down.”
What’s good enough for Warren could be good enough for us right? When to comes to investing maybe not everything Warren Buffett talks about is spot on but he is usually right, and now he is recommending that if you have the money to invest, this is a good time to invest in Real Estate.
His other thoughts are important too.
1. If you buy a property to renovate or flip, then holding on to it for a long time is not really required but….
2. If you are buying a move-in ready property it should be noted that this type of investment should be held for some years.
If you are looking for a rental, that’s easy, just keep it rented. But if you have to sell in a year or two, you may not have seen a large enough increase in equity to make back all of your closing costs incurred in the original purchase and what you will incur upon the sale.
The Real Estate Market in Puerto Vallarta, Mexico is great right now!
The values we have in the Puerto Vallarta bay area are incredible. Whether it’s a condominium you desire or a single-family home, the inventory and opportunities are still available and Timothy Real Estate Group will work with you to find just what you are looking for. Contact a Timothy Real Estate Group agent and allow us to show you how you can make Puerto Vallarta your home or your home away from home.
Timothy Real Estate Group – An innovative company setting new standards in Real Estate sales and services has the most professional and experienced Realtors in the Puerto Vallarta area who understand the intricacies of Mexican Real Estate ownership, the local market, Puerto Vallarta property codes and regulations and financing. The Timothy Group uses that knowledge to provide a sound analysis on every aspect of property ownership. Timothy Real Estate Group is known for professionalism and experience and they bring this to every transaction they work on for the benefit of Real Estate investors and developers alike. Ask about our Real Estate Listings