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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (101885)	2/24/2005 7:33:23 AM
From: John Carragher	Read Replies (1) \| Respond to of 793731

" little risk in real estate." perhaps right now real estate appears little risk.. however there were times it was very risky, i moved 11 times and it seemed i always bought high and sold low.. never had a problem selling . but it sure cost me a lot of money. most people will pay off a mortgage because it makes them feel good and most people do not feel comfortable with a mortgage. I stated if you have capacity to pay off mortgage what is the risk? how about putting the money into realestate trusts if you feel real estate is little risk.. some of these trusts return eight to ten percent. while you have a mortgage, tax deductable, at about six percent interest. your deductions in real money may really be an interest rate of about 4% . net you gain four percent a year on your money. Inaddition you are gaining on your personal house investment with less money assuming housing is rising in your area. this is a win, win , pay less federal income taxes, and get more income. I am not recommending realestate trusts just used it as an example based on your response.