Great Credit? Invest in Real Estate!

If you have great credit, you could borrow on your home’s equity and buy a home to rent out and get extra income. You also build a portfolio after doing this a number of times. Any questions? With this crazy market with low-interest rates and low prices, this is a possibility. After working in the real-estate business for a while, it was imperative to get a pre-qualification from my clients before taking them out to see the plethora of homes.

First: Take your good credit score and your financial information to a good bank and get pre-qualified and build a relationship with a mortgage financier. When you do find the property you wish to purchase, you will have your team behind you.

Next: Talk to a reputable real-estate agency and get an agent who will show you properties that are within your budget.

Last: Call your mortgage representative with the information about the property.

They will guide you from there, and you will be  on your way to putting your good credit to great use in a tough financial market.

Real Estate Portfolio 2012

As a past real-estate salesperson, I escorted hundreds of people through a candy store of homes in this buyer’s market. So many could have bought a home for investment since they could have rented out the property, but they were afraid to take a chance. Now is the time to invest in property if you have good credit and income.

My agency specialized in vacation rentals and the buyers didn’t even have to live in state.  Have someone else manage your investment.

Do you have money sitting in an account that has low interest? Pull some out and call a good real-estate broker in your area and discuss the possibility of investing. You might be able to purchase your retirement home now and rent it out until you are ready. Many homes are in amenity filled communities and would be easy to rent for vacation or long-term rentals.

Don’t be afraid to step out and take a chance. Many fortunes were made by starting with  just one investment property.There are many options and ways to use existing capital to make your future more financially secure.

Do you have the skills to renovate? You could buy a foreclosure, renovate and rent it until the market picks up and you can sell.

We have investment properties that are rented, and renovated a foreclosure. This will give us income for our future. You can do it too!