Financing
Ideas for New City Investment Properties
Marcellariggs.com
845
544 4026
Never
mind what those TV get-rich-quick infomercials would have us believe: building
long-term wealth requires focus and patience. Patience, because a steady
growth is a more reliable strategy than flashier single investment ‘wins’ — and
focus, because opportunities slip past when daily demands soak up all
our attention. Financing Ideas for New City Investment Properties
For
financially secure individuals, current real estate trends deserve some
attention. Right now we have an environment that may be unique in our lifetimes
— one that calls for seriously considering the long-term potential investment
properties offer. If you agree that investment properties in New City are worth
investigating further, you will discover multiple financing alternatives: Financing Ideas for New City Investment Properties
·
Finding a mortgage for New City investment properties
is the choice most people think of first. However, since the lending market is
still in recovery mode, it may be a while before most down payment requirements
drop below 20%-30%
·
By
setting up a self-directed IRA, you may be able to make investments
through your existing savings. Such investments come out of your IRA, and the
profits generated remain there and grow tax-free until you retire. There are
limitations to this method of financing: don’t rely on this route until you
have sought the advice of a qualified financial advisor or your tax attorney.
For
anyone 62 or older, an idea that is not often considered is the reverse
mortgage. The object is to allow you to access equity from the property you
currently own without having to sell it. Unlike a regular mortgage, the equity
released need not be repaid until the mortgaged property is sold or the
borrower dies; but it may be repaid with the interest accrued without
penalty at any time. Financing Ideas for New City Investment Properties
To
be sure this or any of the other financing paths work to your advantage, you’ll
need a sharp pencil — and guidance from a reliable licensed financial
counselor. If you’ve already been thinking that the time is right to start or
grow your investment portfolio through the purchase of real estate, contact me
for hot leads on some of today’s best investment properties in New City. Marcella
845 544 4026 riggsmarcella@gmail.com or click here
to browse through my website, marcellariggs.com
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