Who's Paying Your Mortgage? As a homeowner, you obviously pay for your mortgage but as an investor, your investor, your tenant does. Equity build-up is a significant benefit of mortgaged rental property. As the investor, collects rent and pays expenses, the principal amount of the loan is reduced which increases the equity in the property. Over time, the tenant pays for the property to the benefit of the investor. Equity build-up occurs with normal amortization as the loan is paid down. It can be accelerated by making additional contributions to the principal each month along with the normal payment. … (1 comments)
investing in real estate: Hurricanes and Real Estate: All Caught Up!
- 09/05/12 03:39 AM
So I came back from Canada just in time to prepare for Isaac with hardly any time to even unpack my suitcase. We were fortunate here on our farm; we didn't suffer any damage and Lafayette as a whole did well. I was, however, without internet for a while on my computer. Our chickens foraging in the wind during hurricane Isaac last week. Hurricanes are not good for the real estate business. When people are "hunkering down," they are not looking at homes, making offers, and closing on their new house. Several closings likely were delayed last week as a … (2 comments)
investing in real estate: Home Buyer Seminar Wednesday in Maurice, LA
- 10/30/11 02:38 AM
Thinking about buying a home or investing in real estate but you're not sure where to start? Join us Wednesday, November 2nd at the Maurice Library in Maurice for a free seminar that will help you get started. You will learn about:
Qualifying to buy a home The different types of loans available How to search for the perfect home The home buying process from start to finish Moving up/Moving down Investing in Real Estate The event will start at 5:30pm and should last about one hour. Brigitte Lacour from Assurance Financial and myself will be there to answer any … (0 comments)
investing in real estate: Thinking About Investing in Real Estate?
- 08/05/10 01:11 AM
It’s a Great Time to Become a Real Estate Investor Why? Because historically low interest rates and the number of homes available to choose from, make great market conditions for real estate investors.
There are currently 165 residential properties in Lafayette parish priced under $100,000. In the surrounding parishes there are another 400+ residential homes to choose from in this same price range. On top of that, a 15 year fixed rate mortgage is only 3.875% and a 30 year fixed rate of only 4.5%, for owner occupied properties, a 1% origination fee and good credit scores (as of 8/5/2010). … (1 comments)
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