I am often asked, “Is Real Estate a good investment these days?” For me the answer: “It is always a good time to invest in Real Estate”. The question most people should be asking themselves is, “Do I want to invest in Property and what is required?” Let’s have a look at some the issues relating to Real Estate investing.
Personally, I have had a very positive experience with investing in property. Unfortunately, not everyone shares this experience. In fact, in his latest newsletter, Pat McKeough (the man behind the website, The Successful Investor Network) says, “If you buy property as an investment, you may discover that there are greater risks, and more work, than you bargained for”.
Just as investing in mutual funds, stocks and investment certificates is personal, so is the decision to invest in property. Your first step should be to weigh all your options and compare it to other forms of investing. Let’s look at just a few considerations you should be aware of when investing in property.The first of these is “Financing“. A mortgage is a very common component of investing in property. The requirements for investment property are very different from the mortgage on the house you own as your personal residence.
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