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Real estate
What kind of rental property is the most profitable?
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[QUOTE="Chibson, post: 310715, member: 27553"] I was discussing with a friend of mine about investing in real estate business and rental properties some time ago and some of the suggestions he gave me is actually very much insightful. There are some rental properties you will invest in and you will get a lot of return of investment much faster than those who invested in some others. If you want to invest in a rental property like an Eventplace you will make more money when compared to someone who built a house for rent. For example if you build a school hostel and students rent it for about $100 per year and the money you used in building the property is 40000 dollars. It will take a whole lot of time for you to be able to recover your investment. But if you build an Event centre for entertainment for 50000 dollars then you will recover your investment much faster. The reason is because there are some entertainment events in which you can rent out your property for and they will pay you up to $5000 for it. Now in a year, if you get about 20 people who are ready to rent out the place you may actually be able to recover your investment. So it is always important to do your research before investing your money in real estate business to determine return of investment. What's your opinion?. [/QUOTE]
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