Omaha daily bee., 1914-10-04
MONEY IN OMAHA PROPERTY
@. G. Wallace Advises Young Men to
Invest Their Savings.
MANY HAVE REAPED PROFIT
Plenty OF Cheap Property stiu Avail
able on which Good Money
Could he Made ff Rightly
Invested.


there are in Omaha who have got
start in life by buying a piece OF real
estate and thus saving their money!
asked George G. Wallace the real estate
man. Il have been very much interested
in the fact that large number of peo-
- cASnot make money only by going
INTO debt and saving to meet their obli-
cations. 1 would not want to say that
a majority Of people are so constituted.
but q great portion are. Consequently
there are a great many young men and
young women, who never start to save
until they buy lot on monthly pay
ments and gradually pay it out with
money that otherwise they would spend
folIishly or at least not wisely.
Here Is a case. A young man was
urged by an agent to buy a lot at $3.50
by the time he got it paid for. three
years, paying about $40 a month. it was
worth $500. aud he sold 1t for that price
This gave him a working capital that
he otherwise would not have and this
time he bought a house, making a cash
payment of $500. paying $3.50 for the
hsuse that was renting for $15 month
His earning capacity by this time was a
little better and he hai the house paid
for in three years. kept II in repair
and sold II at slight advance. That is
as far as the story goes now, but he has
bought another small property, still has
some money with which he is looking
around for a suitable lot for a home, and
for which he will pay cash and then bor-
row enough money TO build him mod
ern five or six-room bungalow, where he
win take the young lady that will share
his fortunes with him in few months.
Business Men Make Money.
'T might go on with case after case
Of this sort. 1t is interesting to note how
well-known business men are making
really more money on the side with their
real estate investments than they are in
their business. prominent druggist of
this city has probably made AS much
out Of his real estate investments as he
has out of his business. Several of our
leading doctors have made fortunes in
the last fifteen years in real estate in
vestments, taking very little of their
time or thought which their large prac-
tees require fully. Nearly all of these
men have started by going in debt and
perhaps at the beginning in amounts
which seemed to them unwise. 1 have
or young woman with fair salary, able
to save IS or SO a month, to buy a cheap
lot and begin saving.
Buy Cheap Houses.
"a few years ago there were a good
many cheap houses, but these are not
SO numerous now as many of them have
been bought and fixed up comfortably
for homes by men of moderate means
% IT, Alaf
market, and il would be fortunate II they
could be bought in and put in good SHAPE
by men of small means for homes.
There IL another thing. These people
who hoard their money and there arc toe
many OF them these days for the good
of the country, would do far better Il
they would invest It in real estate. Some
body is liable to steal that hoard oi
money, or their house will burn dowr
or something else is liable to happen, but
a well selected lot can neither burn down
run away or be stolen Even though 4
increases very little in value it will prob
ably increase as much as the taxes, will
a chance Of increasing considerably more
possibly making a good profit. hui
boarded money makes nothing at all
Money in Vacant Lots.
It Is surprising, to find how many
people there are who put their invest
ments in a lot or acre and make fail
interest out of it in gardening. CHECKER
raising or fruit growing. Flowers arr
becoming very easy and productive croI
for a vacant lot and for one who like:
Horticulture it becomes a pleasure a
well as a profit
This Of course refers to buying vacant
property, which is sometimes all a mar
can buy. OF course where he can buy
his own home on the very easy payment,
that we can, get in Omaha, that is tn,
thing to do. Even though the property
does not pay very big interest through
rentals it win pay man to buy tn,
right kind of property to rent. A gooc
agent Of long experience ought to b,
consulted in any of these cases, but
particularly where one buys a house 70,
rental. 1t is not every improved pron
erty that is a good rental proposition ant
the honest agent OF whom Omaha has ,
plenty, with long experience, will advis,
fairly any inauiring client as 20 wbal
is best to do"