riverside real estate: WHY BUY RENTAL HOMES
- 02/02/12 11:39 AM
Why buy rental homes in a bad market? This is the best time to purchase rental property. Prices are down and interest rates are low. If financially possible you should be purchasing as much Real Estate as possible right now. Rental Homes are a great source of income. If you have money in the Bank the Bank only gives you like 1 to 3% interest on your money right now. If you have that money in a rental home the return is so much greater. And not to mention the appreciation you will get in the future when the Market goes … (6 comments)
riverside real estate: COOPERATIVE SHORT SALES
- 02/02/12 10:30 AM
The banks seem to be approving short sales more now then 3 years ago. The newest thing out now on a short sale is a COOPERATIVE SHORT SALE. This is a short sale where the bank actually preaproves the price before the real estate agent puts the home on the market and the homeowner does not have to give the agent all the long grueling paperwork like an original short sale. And the homeowner gets a cooperative short sale allowance up to $3,000.00 from the bank at close of escrow. The homeowner can live in the home until close of escrow. This is a … (2 comments)
Why buy rental homes in a bad market? This is the best time to purchase rental property. Prices are down and interest rates are low. If financially possible you should be purchasing as much Real Estate as possible right now. Rental Homes are a great source of income. If you have money in the Bank the Bank only gives you like 1 to 3% interest on your money right now. If you have that money in a rental home the return is so much greater. And not to mention the appreciation you will get in the future when the Market goes … (6 comments)
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