Quote Originally Posted by DonT View Post
Just a question na rin sa mga meron ng sariling bahay.
Is it mortgaged? Or is it payed off?

Is it better to take advantage of bank loans, para magamit mo yung extra cash for some other investment?

Kasi di ba..Houses or Real Estate is somewhat a Liability (takes money out of your pocket) ..instead of an Asset (Brings money to your pocket).
Dito sa U.S ang Real Estate ay investment. True that is also a liability that 50 percent or more out of our net income will goes to our mortgage. I bought my very first house back in 92 for $95,000 for 30 yrs loan and the appraised value now is $687,000. The other one I bought it 96 for $120,000 30 yrs loan also and now valued a $540,000 and this a rental house. My monthly mortgage is $1,120.00 and monthly rent is $2,200 with a positive return of 98 percent.