Investing in a Vacation Property? Learn What You’ll Need to Have to Get A Mortgage Approved

With approximately one million people having purchased vacation homes in the last year, this type of residence is gaining popularity for those who are interested in a home in a beach setting or a vacation hot spot. However, while a second home can seem like a great purchase and solid investment opportunity, there are different requirements that go into this type of purchase. If you're considering a vacation home, you may want to be aware of the following financial factors. The Down Payment Amount If you currently have a primary residence, you may be aware that you don't need to…
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Real Estate Investing: 3 Insider Tips to Winning House, Land or Foreclosure Auctions

House, land and foreclosure auctions can be one of the most nerve-wracking ways to buy a property. However, if you prepare yourself with proven bidding tactics, auctions can be a great way to purchase your dream home at a competitive price. If you're in-it-to-win-it, familiarize yourself with these top three tips and tricks before attending a real estate auction. Give The Right Impression While you may not have control over what other bidders are willing to pay for a property, you do have some control over their perception of whether or not bidding against you is worthwhile. Come well-dressed and…
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Growing Your Wealth: 3 Reasons Why Real Estate Is the Ultimate Long-Term Investment

While many people may be hesitant to consider real estate as a viable long-term investment, owning property has a steady historical track record and isn't as volatile as other investment markets can be. Any investor who hasn't seriously considered it as an option should take a closer look at the benefits of owning real estate and why it is the ultimate long-term investment strategy. It Becomes A Consistent Source Of Income Investing in rental property has the added benefit of being able to show regular returns in the form of rental income. Unlike other long-term investments that require a level…
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Real Estate Investing: How to Find Great Deals on Undeveloped Lots with Big Potential

Purchasing a plot of land can be one of the best investments to make. A landowner has great (but not unlimited) freedom in how to develop their plot, and land never expires so its potential is essentially infinite. That said, buying undeveloped or vacant land can be risky business, so read on to find tips on purchasing a plot. Do Your Homework: Before You Get Onto The Land Before anything else happens, figure out your priorities. Decide what you want the land for, what amenities and what location you want, what you're looking for in terms of neighbors or local…
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