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? Is My Personal Home a Good Investment? Real Estate is constantly in the news and often one of those get rich quick schemes. Just take a look around and you’re likely to find a course on how to become a millionaire with real estate. While investment real estate can garner you some income, what about your own personal home. For most people, it is their largest investment. However, is it a good one to make?