I’m looking to buy a property and I don’t have much to put down, what kind of finacial requit\rements do banks usually require to purchase investment properties?
Where is the best place to go for a real estate investment loan in FL?
02
Apr
eGuy
April 2, 2010 at 5:31 pm
this here is a good place to start
http://www.nohasslebargains.com/loan/financing.html
Financing
Financial Services
jcorreahq
April 2, 2010 at 6:15 pm
I can help you out, I am a mortgage broker in FL and have access to over 100 lenders and work with all types of credit. I have several programs that fit your needs. Please feel free to contact me, Jcorreahq@yahoo.com I can look into your situation and get you a loan that meets your need and quickly. I look forward to hearing from you! ~Joseph
too expensive!
April 2, 2010 at 6:59 pm
Good time to buy?
In most area of the U.S., housing price stopped going up as inventory continues to build up. It is normal to see a correction as a boom that lasted for several years.
If you are investing new money in to real estate, this may not be a good time as the potential return on investment is small compare to the high risk of lower home price.
If you are doing a side way move, meaning you are selling one to buy another one, then it is acceptable.
Nothing is absolute, but housing market is very likely undergoing a correction and this is only the beginning. Some say this would be a soft landing (0 to 10%). Some say a big crashing is coming (10 to 20%).
http://money.cnn.com/2006/08/24/news/economy/newhomes/index.htm
http://money.cnn.com/2006/08/23/news/economy/homesales/index.htm