Types of Investment Property
So you want to invest in real estate. But what kind of real estate? A cute little bungalow down the street? A duplex? A fourplex? A condo? An apartment building? Raw land? Spec construction?
Different types of property require different financing options, and certainly there is no “one size fits all” approach to real estate finance. Buying an empty lot will require a different strategy from buying a condo downtown. Most real estate investment books that you read give only a passing reference to financing, when in fact how you finance the property is just as important as what you pay for it.
If your mortgage payments outstrip the income from the property, you’re going negative each month and perhaps relying ...