We bought a small apartment in Beer Sheva near the University in 2004 for 40000$ with a 90% mortgage, as an investment. We didn't know much about Beer Sheva (we're from Netanya), so big mistake. Turned out that on the paper, it was an excellent investment with a potential of 9% return on investment per year. But the thing is that too many investors were/are attracted to this area with low properties prices and the competition was harsh. Students had a great choice of rentals, and could afford the best in this cheap area, so it was very hard to find a renter and we ended up renting for almost half the price expected even after a big renovation. After 4 years we sold it for not much more than we bought it. So, in summary, it was too much of a headache for not much of a profit, if any.
UN Security Council condemns North Korea launch, vows action (Reuters)
from the article: Investing in real estate is back with a vengeance
Rabbi Judith Schindler of Charlotte's Temple Beth El and Rabbi Joe Black of Denver's Temple Emanuel devise wager will see both communities donate to charity, no matter if Carolina Panthers or Denver Broncos emerge victorious.22:39 07.02.16 | 0 comments