I truly admire my blogging pal and her hubby who love investing in real estate and property.
With looming recession and plummeting real estate prices, people like my buddy and her hubby who have extra money in hand are at the right time to invest in more properties.
According to her, her next investment will be on Wilmington NC real estate.
When will it be my turn to invest in property and real estate?
Sometimes I do envy my blogging pals who have no worry about credit card debts or financial woes. How I wish I could be like them one day in near future!
I hope once I settle my credit card debt and home mortgage loan, I can have extra money to buy foreclosure properties like what my blogging pals are doing.
They have been busy checking out foreclosure lists trying to find some foreclosures for sale at 50% less.
Buy foreclosed homes at 50% less… wow!
Let me keep on selling english saddles and carpet cleaning machines to make more money to pay off my credit card debt and home mortgage these few years.
It’s been more than one year since I talked about selling my home.
My house is still here and I am still paying the mortgage loan installment month after month. With recent crunch and looming recession, my real estate says it’s very difficult to sell this house at good price.
I think I should just keep on paying the home loan installments until the world economy gets well again.
For most first-time home buyers, the biggest challenge is saving up enough money for a down payment especially in real estate markets like San Francisco and New York City, where home prices have soared over the last few years.
Usually, for those who want to buy a home for , the best way they can find the money for the home of their aspiration is to take out a loan. This is as a rule renowned as a debt loan.
A mortgage will cover several expenses such as the principal payment, the interest, the home insurance and the city or county taxes that are due for the home.
Usually, a mortgage loan can last for 30 years. There are also mortgage loans that only last for 15 years.
It is important to note that the shorter the lifetime of a loan is, the higher will be the payments required.
But the more money you can muster for a down payment, the more options you will have.
Hubby’s niece called up to inform us that there are condos for sale and we can view the units anytime we like. Whether people are looking for condos for sale, condos for rent, or short term vacation rentals they will look for her.
She has been on the lookout for condos for sale for us these few months because we once told her that we would like to invest our money in a rental property.
Unfortunately, hubby and I changed our mind early this month. This is because hubby and I are moving to another new place. So, buying a rental property at this place is out of the question.
My uncle used to own a real estate company more than 10 years ago. Unfortunately, his real estate company was closed down due to recession. Since then, he has been working from home as a freelancer.
Recently, he revealed that he would like to operate real estate business again. The true way to succeed in the real estate business, is with real estate franchise.
Using the name and trademark of an already existing real estate business, a franchisee like my uncle has the ability to start his own branch of that business and reap the benefits of the brand recognition.
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