Comments on: Buying Your First Investment Property

By: USF Apartments

USF Apartments — Mon, 08 Mar 2010 03:54:20 +0000

I was approved to purchase a duplex last year. We had a bank letter in hand for the short sale and I sold some mutual funds to have cash available at closing. It was going to be my primary residence and I was going to rent out the other unit, effectively making it my first investment property. Too bad underwriting got in the way. I find that banks are basically allowed to look for loopholes to prevent from having to give you the money needed to complete the purchase. Based on what they believed the property was worth and not the appraisal, the banks we’re willing to give me 85% of the funds I needed to complete the purchase even though I was approved for 100% of what I was asking for. Bank bureaucracy is preventing home deals from getting done.

By: IPINLive

IPINLive — Mon, 01 Mar 2010 13:04:40 +0000

Investing in property or real estate without the need to borrow is preferable. If you can find a secure exit strategy that allows you to exit pre-completion then the need to borrow is eliminated. .-= IPINLive´s last blog ..Beware the Banker in Landlords Clothing! =-.

By: panama property

panama property — Fri, 15 May 2009 18:38:21 +0000

Investing in real estate can be a very daunting experience especially if you have never done it before. Whatever you do you need to make sure you don’t overextend yourself and take on more than you can handle. Investing for cash-flow purposes is usually the best and safest approach.

Cheers,Harry,Panama property

By: Jack Khan

Jack Khan — Fri, 17 Apr 2009 09:13:25 +0000

The recession is widening the gap between the upper and lower income families, so developers should probably invest more in building luxury homes.

By: Alex Jones

Alex Jones — Mon, 13 Apr 2009 09:55:34 +0000

20% is currently the minimum average across Europe and the states. Get rich quick plans are risky because it is harder to find buyers at this time, but the pro is that property is cheaper than ever.

By: USF Area Rental Houses

USF Area Rental Houses — Wed, 08 Apr 2009 20:13:50 +0000

Kind of difficult to find a bank willing to give an investment loan with only 10% down these days, no matter the credit or income. Better be prepared to pay 20% or more as a deposit.

Fundamentally, the goal should not be a return of >100% over 3 years anyway, trying to “get rich quick” has hurt many in recent years. Focus more on 20-30% down positive cash flow investments that yield 3-5% each year and you will have an asset that can be maintained for the long haul.