Financing rental properties and vacation homes
BLOWNMORTGAGE.COM LENDER HOTLINE: 888-581-5008 A good investment is one that makes you a profit, vacation properties, and rental properties is a great way to invest in real estate. If you rent out your vacation property, it can essentially pay for itself. INVESTMENT RISKS There are many things to keep in mind if you are thinking of investing in rental properties. There are also several risks including market volatility. You don’t want to be left with a property you can’t rent or sell but are still required to pay for it. ASSESSING YOUR PERSONAL RISK Is my credit good enough for a bank loan approval? Is the capital for the purchase available? Do I have enough in savings or access to funds for unexpected repairs? Will my savings be completely depleted if I had to rely solely on those funds to pay for upgrades or other bills? Can I handle the stress that can come with investment woes and all of the life’s other demands? If the whole investment failed, do you have the ability to get back on your financial feet without it ruining your life? INVESTMENT RISKS There is never a guarantee that a real estate investment will turn out in your favor or that it will be a real money maker. Many investors have bought houses and it turned out they are no longer worth the amount of the original selling price. Owning a vacation property will require constant attention and caring for your property will depend on your person maintenance skills. Knowing how to be a handyman can help save you a significant amount of money, but if you don’t, you could be forking out a lot of money for repairs. Make sure you’re ready for this kind of investment.
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Financing rental properties and vacation homes
- 2. A good investment is one that makes you a profit, vacation properties, and rental properties is a great way to invest in real estate. If you rent out your vacation property, it can essentially pay for itself. BLOWNMORTGAGE.COM LENDER HOTLINE: 888-581-5008
- 3. INVESTMENT RISKS There are many things to keep in mind if you are thinking of investing in rental properties. There are also several risks including market volatility. You don’t want to be left with a property you can’t rent or sell but are still required to pay for it. BLOWNMORTGAGE.COM LENDER HOTLINE: 888-581-5008
- 4. ASSESSING YOUR PERSONAL RISK Is my credit good enough for a bank loan approval? Is the capital for the purchase available? Do I have enough in savings or access to funds for unexpected repairs? Will my savings be completely depleted if I had to rely solely on those funds to pay for upgrades or other bills? Can I handle the stress that can come with investment woes and all of the life’s other demands? If the whole investment failed, do you have the ability to get back on your financial feet without it ruining your life? BLOWNMORTGAGE.COM LENDER HOTLINE: 888-581-5008
- 5. INVESTMENT RISKS There is never a guarantee that a real estate investment will turn out in your favor or that it will be a real money maker. Many investors have bought houses and it turned out they are no longer worth the amount of the original selling price. BLOWNMORTGAGE.COM LENDER HOTLINE: 888-581-5008
- 6. Owning a vacation property will require constant attention and caring for your property will depend on your person maintenance skills. Knowing how to be a handyman can help save you a significant amount of money, but if you don’t, you could be forking out a lot of money for repairs. Make sure you’re ready for this kind of investment. BLOWNMORTGAGE.COM LENDER HOTLINE: 888-581-5008
- 7. B L O W N M O R T G A G E . C O M L E N D E R H O T L I N E : 8 8 8 - 5 8 1 - 5 0 0 8 C L I C K H E R E T O L E A R N M O R E B M BLOWNMORTGAGE.COM LENDER HOTLINE: 888-581-5008
- 8. Justin McHood is Americas Mortgage Commentator and has been providing Mortgage commentary for over 10 years. INFORMATION PROVIDED BY: Justin McHood MORTGAGE COMMENTATOR BLOWNMORTGAGE.COM LENDER HOTLINE: 888-581-5008
- 9. S E R V I C E S O N L I N E F A C E B O O K L E N D E R H O T L I N E T W I T T E R MORTGAGECOMMENTATOR.COM FACEBOOK.COM/MORTGAGECOMMENTATOR @MORTGAGECOM_ 888-581-5008 BLOWNMORTGAGE.COM LENDER HOTLINE: 888-581-5008