So you figured that investing in real estate is one of the most profitable ventures you can look into. But alas you’re low on cash. You don’t have that minimum 20 percent down payment which is required by most banks.
Sometimes, the direct route may not always be the smartest. Instead of investing in the most popular properties straight off the bat, look for destinations that are still a bit low on the radar yet have full potential to be top sites in a few years.
When it comes to borrowing money from financial institutions or taking a home loan for the property, consulting the right financial advisor can end up saving you big bucks in the long run.
Often ignored, finding just the right property to invest in can prove to be your one-way ticket to real estate profitability. Steering clear of projects with a large number of units and instead opting for low rise projects that have less than 50 units of 1 or 2 BHK flats.
When you purchase a property that has the “ subject to “ attached to it, you make use of the strategy that involves transferring the legal title of the property to the new investor from the old owner, without paying back the original mortgage which the old owner was subjected to.