If you’re looking for real estate investing tips, you’ve come to the right place. I have personally owned investment real estate for years. With that comes the good, the bad and the ugly and I’m not talking about the movie. If you’re like me, learning more real estate investing tips is a must so you can be a better investor. So before you launch into the world of real estate investing, here are few items you’ll want to consider. Estimate the Down payment Typically the lender will ask for at least a 20% down payment, and if you pay more than 20%, you will sometimes get better rates. For example, if you want to purchase a property which cost $500,000 you may be required to make a down payment of $100,000. Calculate the expenses If you are planning to purchase the property for rental income, taxes are a factor you must consider. Real estate investing tips often center around the gross income. However, do NOT forget to calculate the ‘net income.’ You will have expenses such as taxes, maintenance, fee’s, and carrying cost especially if you have a loan on the property. Always invest in a project which gives a return of […]
Is My Personal House a Good Investment? VIDEO: Is My Personal House a Good Investment? Real Estate is constantly in the news. Just take a look on any social media and you are sure to find a course on how to become a millionaire with real estate. Many people view their homes as their largest investment. Is this a good idea? In this weeks client question, Justin Goodbread, CFP(R) wealth manger in Knoxville TN address the old question. Planningisfun Heritageinvestor This video is created to answer this interesting question “Is My House a Good Investment?” Watch the video and get a perfect answer. If you like the video then please don’t forget to share it with others on social media or any other platform. Stay connected with us for more FAQS about financial investments.