Investing and cashflow Investors, this is another supporting stat that the opportunity to buy is nearing if not here already. Especially if you are buying properties at a discount based on today’s value and for cash flow purposes. In theory, if you are able to buy a house in Aberdeen at 60-70% below today’s value, and the market does correct another 25% then you still have equity. Even more exciting, today’s market is showing signs of cash flow again.
Damaged properties for a good price
A professional contractor prepares a cost analysis to fix the damage after he gets the report from the inspector and then presents this to the bank. Once again, this won’t always work on “as is” but can be very effective as it gives the bank the opportunity to see a real list of the damage with details of the costs that it will take to repair.
Can you see your stuff in the house? This works best in an empty house, but visual your furniture in each room. Will your things fit? For instance, you don’t want your king size bed to take up all the space in the master bedroom.
Upgrading the lighting fixture will be better. This is to make your home impressive, improve the look and mood of the house. Buy a chandelier but not too ornate. You have to keep the outside lights on at night because most of the prospective buyers often drive around at night.
You may be able to find a house where the price is less than the rent you pay now. If you are intending to buy a house with the aim that you will be spending less money each month, you must think and analyze the other costs involved in the purchase like mortgage, insurance, maintenance, repair, etc. After all these considerations, you still feel that owning is profitable than renting a house, then you must grab it.
Bad reports? Writing a letter of dispute to the credit bureaus is the right way to correct an erroneous data on your report. Send a letter to each bureau informing them of the need to investigate and correct the details on your report. All three bureaus now offer a template online which you can fill in although it is still a good idea to write your dispute in a letter form.
You may also want to do a search via the web or call a few real estate agents to set up some appointments. If you are considering investing in real estate, then you should consider an apartment also. You may find a piece of property that meets your expectations as long as you find a real estate agent who you can trust.