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Investment Property Guide – How To Keep Your Tenant

Posted on: November 2, 2012

Categories: Other Articles

Author: Buy Fix and Profit (Guest)

According to Global Property Guide, rental properties are in oversupply. Still rental properties continue to appeal to investors. Is it because landlords in the United States of America enjoy a gross rental return of 4.69%, before taxes, maintenance fees and other costs, per year? Understanding the basic concepts of property investment is relatively simple; you do not exactly need an investment property guide. However, turning a rental property into a lucrative investment may take more than expertise. If you’re into rental, you may benefit from these tips on how to keep your tenant.

Out-Of-The-Box Investment Property Guide

All landlords want a great tenant and a continuously flowing rental income that takes care of your mortgage payments. However, in reality, finding both can be difficult to find. Still, getting 80 to 90 percent of what you think your rent should … Read the rest

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Mortgage For Investment Properties – What To Consider Before Getting Into Rental

Posted on: October 30, 2012

Categories: Other Articles

Author: Buy Fix and Profit (Guest)

Buying homes to be put up for rent has become a lucrative and reliable investment. However, there are a few considerations that you need to do before obtaining mortgage for investment properties, such as rental, to ensure that your money, time and effort will pay off the way you envisioned it will.

Property Vacancy

All landlords hope that their rental property remains rented so the income flow would not be interrupted. It’s unrealistic to think that your rental property will always be rented, and generally, your property may be vacant for about 10% of the time. Property vacancy should not be overlooked and must always be considered so you can prepare how to handle mortgage payments during these times.

Property Maintenance

If you’re into rental property, you should seriously take this into consideration. New landlords often have the surprise … Read the rest

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Mortgages For Investment Property – Learning The Basics

Posted on: October 26, 2012

Categories: Other Articles

Author: Buy Fix and Profit (Guest)

Property investment is no doubt one of the most lucrative ways to accumulate wealth, that is if you’re smart enough to find the best deal. This is the reason why learning the basics of mortgages for investment property is important. Shrewd investors understand the key on how to maximize returns by cutting on financing costs. And because one can hardly get away with mortgages as one of the known alternatives of funding for property acquisition, understanding its features and how it works can help you turn your investments to your advantage every time.

There are a host of lenders and mortgage brokers in the market today, that is why choosing the right mortgage is very important. Lenders often require a down payment, let you fill out a loan application, run a credit check on you and may provide you a … Read the rest

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Different Financing For Investment Property – Knowing Your Options

Posted on: October 21, 2012

Categories: Other Articles

Author: Buy Fix and Profit (Guest)

Property investing requires funds in order to purchase property. As an investor, you may have the cash but you know that obtaining financing is a wiser move because you make money using other people’s money. The most common sources of financing include banks, mortgage brokers, private lenders, and hard money lenders. You also know that some options may work for you and some may not. Learning the differences between the different types of financing for investment property is therefore important.

Common Sources Of Financing For Investment Property
Banks

Banks are one of the most preferred sources of financing. This is because bank fees are low and with interest rates that are usually much more competitive compared to other lenders. However, banks are more accommodating with borrowers who have high credit scores. On the downside, banks usually have a lower loan-to-value … Read the rest

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Finding The Best Investment Loan Rate

Posted on: October 19, 2012

Categories: Other Articles

Author: Buy Fix and Profit (Guest)

Everywhere, people are searching for ways to augment earnings and to build wealth. Most are drawn into property investing as it is gaining reputation as a lucrative way to earn money. Any type of investing entails sufficient funds and most investors would opt for mortgage loans to purchase investment properties. However, property investment is not as simple as taking out a loan and buying the property. One should consider the investment loan rate, as this will impact your investment returns. Hence, it is vital to find the best investment loan rates.

What are loan rates? Loan rates refer to the money that an investor will have to pay to the lending company who has granted the loan for the use of funds. Savvy investors are aware that there are ways to maximize investment returns by reducing the loan rates … Read the rest

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Factors To Consider When You Mortgage Investment Property

Posted on: October 7, 2012

Categories: Buy, Other Articles

Author: Buy Fix and Profit (Guest)

Buying an investment property is usually the main reason for taking out a second mortgage. While mortgaging your home or any other property may offer the solution to your financial needs, you should consider some factors before you decide to mortgage investment property.

Factors to consider before you mortgage investment property or any property
Cash flow

Definitely, a second mortgage will create a significant impact on your monthly cash flow, therefore, you have to ensure that you’re in a position to service both mortgages by having a stable income. Minimizing this risk lies in your ability, as the borrower, to earn enough income sufficient to cover your first and second mortgages on top of the cost of living. This also includes the earning potential of the property in question.

Prevailing interest rates

Most people are so focused on taking … Read the rest

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Things to Consider When Creating Creative Fireplaces

Posted on: October 5, 2012

Categories: Ideas, Other Articles

Author: Buy Fix and Profit (Guest)

Nothing is more enjoyable than a fire burning on a cold winter evening. No one can deny that fireplaces create a focal point in any room, not to mention adding character and elegance to the room. A fireplace is one the best places in the house to bond with family members while enjoying the warmth it offers. In the olden days, fireplaces were simply tucked into a wall, and for a good reason – fireplaces were then made of bricks with chimneys at the top. This is probably one of the reasons why creative fireplaces were created. Thanks to the invention of ventless fireplaces. Today, fireplaces can be placed anywhere and can be made out of stainless steel, wood finish and even glass.

Creative fireplaces can be a masterpiece. However, it also comes with a price. If you’re looking to … Read the rest

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Bad Credit And Financing Investment Properties

Posted on: September 25, 2012

Categories: Other Articles

Author: Buy Fix and Profit (Guest)

With an ever-changing real estate market, timing is very essential. But what if you have a bad credit score? Will you have to wait until your credit score improves? If you are interested in financing investment properties but have bad credit, you may be relieved to know that there are a few programs available for borrowers with bad credit. Definitely, you will not enjoy the same terms and rates that someone with excellent credit would get, but, you will be able to push through with your investment plans and not have to wait until your credit has improved.

Borrowers With Bad Credit – Options for Financing Investment Properties
FHA (The Federal Housing Administration)

One of the best things about taking out an FHA loan is that you do not need a lot of cash down payment. You can even get … Read the rest

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Increasing Chances of Loan Approval By Knowing Investment Property Mortgage Requirements

Posted on: September 23, 2012

Categories: Buy, Other Articles

Author: Buy Fix and Profit (Guest)

Not everyone will be able to take out an investment property mortgage. Lenders view investment properties as high-risk investments so that not everyone would qualify and that certain investment property mortgage requirements must be met first. This is based on the premise that in times of financial difficulty, people will pay for their homes first before they pay for their investments. If you’re an investor and badly in need of funds, you may want to find out how to attack this uphill battle. You may want to know the ‘ideal’ profile lenders are looking for in borrowers and possess that confidence that comes with savvy investors.

Investment Property Mortgage Requirements – Things You Need to Know Before You Apply
Down Payment

Most lenders require a large down payment. Depending on the lender, you may have to shell out as much … Read the rest

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What Are The Available Loans For Investment Property?

Posted on: September 16, 2012

Categories: Other Articles

Author: Buy Fix and Profit (Guest)

There are many ways to build wealth and one is through investment property. The key lies in purchasing several properties using borrowed funds at the best interest rates and terms. Lenders offer various loans for investment property purchases. However, each has its own benefits that may or may not be suitable for your needs. Being familiar with the different types of loans for investment property is important for maximum advantage.

Loans For Investment Property Types
Home equity loan

In a home equity loan, the investor uses an existing property as equity to purchase other assets. Generally, the value of home equity must be at least 2% of the value of the property you intend to buy.

Variable rate loan

A variable loan is a type of loan wherein an interest rate is charged on the amount loaned. This interest … Read the rest

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