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How to Buy and Finance Apartment Buildings

Posted onOctober 21/2020By

In the world of investment properties, owning an apartment complex can be one of the best purchases you can make. It’s important to understand how it differs from other properties before deciding if an apartment is the right choice for your investment dollars. What is an apartment building? The first thing to understand is what type of rental property counts as an apartment building. A building with five or more units is considered a multifamily property or an apartment. This means that duplexes, fourplexes, and condominiums do not fall under the apartment category when it comes to investment properties. Financing…

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Getting a Commercial Mortgage: What Are Your Options?

Posted onOctober 14/2020By

Owning a commercial space is a great investment opportunity. You can count it among your business assets and even rent some of the space to bring in some extra revenue. However, a commercial mortgage can be quite different from a residential mortgage. The process of applying and securing a commercial mortgage often includes assessing the investment, selecting a location and property, finding the right mortgage professionals to help with the purchase, and applying for the mortgage. There are also several options when seeking a commercial mortgage, including a real estate mortgage, working capital loan, or a line of credit, among…

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What Percentage Should You Have for a Down Payment?

Posted onOctober 07/2020By

One of the concerns that new home buyers have is about how much they need for a down payment. The truth is that many people don’t have as much as they think to make their homeownership dreams come true. How much you need for a down payment depends on what you currently have saved and what you want to spend on a home. Most people believe that a down payment for a home should be 20 percent. This can leave some would-be homebuyers feeling discouraged, but the truth is that you don’t need a large down payment. While it’s in…

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How to Start Turning a Profit on Your Investment Property

Posted onSeptember 28/2020By

Investing in a rental property can be a great way to build equity and secure a regular income. However, there are some ways that you can get even more from your investment. There are 3 main ways that you can see more profit from your investment property. These include an increase for your rental, a rise in the property value, and revenue from business operating on your commercial property. The Benefits of Investment Properties There are many reasons why people opt to buy real estate. Owning property other than the home you live in can be a reliable source of…

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What to Know Before Renewing Your Mortgage for the First Time

Posted onSeptember 21/2020By

Have you received your first mortgage renewal letter yet? Before you sign it, there are a few things you should know. Your mortgage will need to be renewed at the end of each term, which is usually 5 years. At this time, your lender will send you a letter with their proposed words. However, you don’t have to accept those terms. You might be able to get better conditions if you put in a little effort. Mortgage Renewal When your mortgage term ends, and you sign up for a new one, which is called a “mortgage renewal.” Renewing your mortgage…

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