Category Archives: Property Investment
1. One of the biggest mistakes made when financing residential investment property is to make a down payment as small as possible. Every dollar that is financed means a dollar in investment property loans that you will owe interest on, and this is interest which compounds. In addition putting a larger down payment on the property may help lower the interest rate that you pay as well.
2. When you are financing residential investment property not doing the necessary research and loan comparisons can be a mistake which can have disastrous results in the future. Locate and then compare the financing offered by land investment companies, banks, and other lenders, to find the best possible rate. This will help you get the best return possible on your investment.
Is buying investment property without a down payment possible? The answer is yes if you understand how this can be managed, and the best way to do it. One method used for investment property financing is to get loan pre-approval before you even start to look for investment properties. When you are pre approved for a loan you know exactly how much you will be allowed to borrow. If you are pre approved in the amount of eight thousand dollars then you can purchase property up to this loan amount without any down payment needed. Buying investment property without putting any money down is not difficult, and there are other methods that can be used as well.