FYI: Q. How do you feel about investing in real estate in addition to the stock market? I am fortunate to have a decent nest egg. I have a 401(k) account and a taxable account that I invest in stocks. I have a $300,000 low-interest rate mortgage on my house, but I am able to meet expenses with salary and dividends. I may be getting some additional money, and a friend has encouraged me to invest in a rental house to decrease taxes.
I live in the Seattle area where real estate prices have gained over 10 percent in the past year. My house has appreciated 55 percent in the past 8 years. If I get a rental I would have to have someone manage renters as well as take care of repairs. I fear these costs will eliminate any potential gain I could be receiving in the stock market. ---E.E., by email
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/if-youre-a-homeowner-youre-already-a-real-estate-investor
