Blog Archives

Financing Options for Investors

If you prefer to separate business from pleasure, skip the Private Money and go for one of the other options. A bank loan might be the most laborious to obtain but is the most straightforward. Hard Money makes sense when a bank won’t lend you the money, you are convinced you can make a profit despite the higher interest rate and you can afford the higher repayments due to the shorter repayment period. All three options have their place and patience and a good deal of homework are required in each case.

Posted in Buying Investment Property Tagged with: , , , , ,

When is the Right Time to Buy a House?

Two things seem fairly certain in real estate. They are not making more land, they are making more people. In economic terms, this means that over time, demand will always outstrip supply. In some areas this is more true than others and that is where the research comes in. Don’t be lazy. Most people spend more time buying a pair of sneakers than they do shopping for houses. Relative to price, you may want to spend a bit more effort making a good choice. Buy when prices are low. Approach property purchases with a long term view and you will be fine. Expert investors look at shorter time frames and work with smaller margins of error.

Posted in Buying a first home, Buying Investment Property Tagged with: , , , ,