investment properties: Is real estate still a good investment? - 06/23/08 11:27 PM
With all the negative news about declining values many chat rooms seem totally preoccupied with the merits of renting vs. buying in today's market.
From my perspective the primary factor has always remained the same regardless of the current real estate economy - how long do you intend to stay in the home? The longer the time period, the less relevant are temporarily declining market values.
According to the National Association of Realtors (NAR) real estate appreciates on average 5% per year and doubles in value approximately every 10 years.
Let's say you purchase a home for $200,000.00 and put 20% … (2 comments)
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investment properties: FHA Still offers rehab loans - 06/03/08 07:28 AM
While many conventional lenders have shut down their construction to permanent (rehab) loan programs FHA still offers 2 programs.
For those seeking investment property opportunities who are willing to occupy one of the units in their building this may be one of the few ways to make it happen in today's tight lending market. Here are some details.
A potential homebuyer locates a fixer-upper and executes a sales contract after doing a feasibility analysis of the property with their real estate professional. The contract should state that the buyer is seeking a 203(k) loan and that the contract is contingent on … (0 comments)
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