How Money Makes Money

by Brian R. Sullivan

Real estate is still a good bet.

What can you do with a lump sum of cash? We all know that the old clich: the best time to buy real estate is yesterday. The way clichs become clichs is because more often then not they are true.

For example:

Home Sales for Danvers, MA

Date of Sale   # Sales/Month      Average Purchase Price

2/2005                  26                          $390,000

1/2005                  23                          $362,000

2/2003                  10                          $309,000

1/2003                   26                         $320,000

If you had purchased one home in 2003, you would have made $61,500, or an increase of 19.6 percent. In addition, check with your accountant for money-saving tax benefits of real estate ownership.   

Would you like an example for your area? Call me at 800-938-6400, ext. 5565.

Brian R. Sullivan is a Finance Coach.

800-868-6230
JasonR@ppicash.com