How to manage real estate investment loans
Many of us dream of buying a home for good reasons. It is proven that investing in real estate can provide long-term wealth. However, owning a home is not the only way to get into real estate; you can also consider investing in real estate. What Is an Investment Property? The property you use for rental purposes and do not live there most of the time is called investment property. It is a real estate property with an intent to earn returns. Usually, the returns can come by renting or selling the property in the future. Common investment properties are residential homes such as single-family homes, apartments, or commercial properties like hotels, restaurants, and retail spaces. Financing An Investment Property Tax and loans on the investment property are treated differently than a primary residence. You tend to pay more down payments while investing in the investment property. For example, buying a primary residence might pay up to 7% of the down payment, wh