When you rent a property, set up all appointments to show the property at the same time–this saves you time and creates more urgency for tenant applicants to make a decision.
continue readingQ: How much down payment should you pay when you buy a property? -Heather, Babylon, NY A: There are lots of people who say that when you buy a property you should put down as much of a down payment as possible—some people say 20%, 25%, even 50%. I understand why people like Suze Orman, for example give that advice—it’s because your monthly mortgage payment will be lower if you pay a bigger down payment when you buy a property—that’s very logical and makes sense. Unfortunately, everyone, particularly 1st time home buyers don’t have a 20% down laying around to put down on a property particularly in higher price real estate markets. Another thing to consider is that money that […]
continue readingQ: Which properties will make me the most money? (The 3 Keys To Buying Property That Will Make You The Most Money) June, Freeport, NY A: Good question, June. There are many factors that play into whether you’ll make money on a property you buy, but here are 3 key ones: 1. Picking the right area/neighborhood/street. This is critical because the right area will make your property more attractive to tenants if it’s a rental property and more attractive to buyers whenever you choose to sell your property 2. Picking the right kind of property-based on your budget (what you can afford to buy and maintain while you own it) and your exit strategy—exit strategy just means what you ultimately […]
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