Renting Versus Buying A Home
You’ve probably heard some real estate investment guru’s tell you that now is the best time to invest in real estate. Its dose not take a genius to figure out that the current property market is at an all time low and in may ways its in real danger of complete collapse in some parts of the country. With foreclosures happening at an alarming rate, even the banks are in danger of collapse simply because they now have to repossess properties that they cannot sell.
I mean seriously, if you want to generate high quality leads from Facebook, the first thing you should be thinking about is building relationships FIRST. After all, it is called SOCIAL marketing.
Over 70 percent of potential home buyers now use the web to view and filter out homes. This means you need to have your home listed online or you risk missing out on a huge pool of potential buyers. With online listings, however, there is a catch. Buyers who are sitting and clicking through homes expect to see certain things. real estate in Africa of a shiny picture of the home from the outside, they now expect to see images of the interior.
Low-doc mortgages might be a good choice for those who are starting their own business or just starting a new job. You should be sure that you will be able to make the payments.
‘Lease with its “strategy is better than a random rental properties. For one, the tenants will take care of your property as if it were their own. After all, who wants to trash the house, they want to buy? This reduces costs and losses associated with the rental tenants who do not have to take care of the property.
If you can find this type of property I say jump on it. Generally you can get great terms and you should get a great return on your Learn More in africa.
The bottom line is that you are a professional in a professional environment. It is time to act that way. Risk is a major element of being a real estate investor. How can you protect yourself from it Well, incorporation is one way to get this done.. Your risk exposure is locked into this business entity. Your personal possessions are protected from decisions you might make in the real estate business..
Will this new home be an asset or a liability? If you are not getting a mortgage it will be an asset but with a mortgage a home does not qualify in the true sense of the word as an asset. Assets do not cost you monthly and they create income or increase in value. In the economy of today, homes are not appreciating therefore it is not increasing in value and it is not creating income unless, you plan to lease a portion of it out. Please review my article about the rat race and assets verses liabilities, before making this purchase.