Investment Property Financing Is Alive And Well.Investment property financing died in September 2008, during the Great Recession, right? Pack your ambitions and dreams away because that gravy train has left town. Or has it? The fundamentals of investing in property are still there. The real estate market just had to make a slight - no, make that a major correction to the market for houses. Banks and investors are realizing so called toxic assets on their balance sheets, and the market opportunities for property investments is making a comeback, slowly, but surely. Financing is the first and the most important step in property investment. This is clearly evidenced by the fact that some home mortgage holders are now underwater or upside down--the value of the home is far less than the mortgage carried to term. Investors should seek the advice and resources from specialists in the property financing industry. There are many home loan options available to buyers. Credit, even in this post-recession era is a non-issue, although a sizable down payment may be required; the lender wants proof that the actual investment is "worthy" versus your own personal credit. Property investors should seriously consider the nature of the investment. Most investors are interested in buying rental property as a long-term source of revenue. Assess whether getting a long-term loan to finance a property will be worth it in the long-run. Look at the demographics of a prospective area in terms of age and education. Gauge how stable the job market is and is it sustainable. For example, consider a property investor who saw Michigan as a sound investment because of the once robust auto industry. In under a decade, however, the entire economic center of the region disappeared, and thus real estate dipped as well. Investors are still on the hook for mortgage on those properties, even though they have had no control over the economic factors. Investment property financing has been around for ages, as long as the concept of "real estate." So it won't ever go away. It has just gone through a correction to reassess the value of the assets in the market. The financing is available. It's up to you to find the right investment. REFERENCES: 1) Investopedia: How to Tap Banks for Real Estate Loans, http://financialedge.investopedia.com/financial-edge/0510/How-To-Tap-Banks-For-Real-Estate-Loans.aspx 2) Credit.com: Financing Your First Investment Property, http://www.credit.com/life_stages/getting_ahead/Financing-Your-First-Investment-Property.jsp 3) Quicken Loans: Mortgages--Investment Property Financing, https://www.quickenloans.com/home-buying/investment-property-loan
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Tips For Canadians Buying Real Estate in the US
By Julie A Broad
I can't tell you the number of times my husband Dave has gone shopping only to come home with something he didn't really need, or worse, something that didn't quite fit but he bought it anyway just because it was on sale!!He'll buy a pair of pants that are a little too short or a little too tight just because they are 50% off.
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Some Sources of Real Estate Investing
By David A Martin
One is often stuck for leads when looking for buyers or sellers in a down market. But it is easy to overlook some of the most obvious sources, simply because we do not keep our eyes, ears and mind open. Consequently a number of opportunities can be lost.
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What should you include in a Letter of Intent to purchase an apartment building or commercial real estate? Here are the basics.
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