Many investors purchase condo units as an investment; they can either rent them out as a typical rental property or sell them if they feel there is a chance for profit. On the other hand, many people simply purchase a condo as their personal home, or at the very least as a second home, perhaps in a coastal vacation area.
· I believe investing in house and lot would be a great investment, especially in Quezon City. However, I do not think buying condos would be a good investment move though, because of its 50-year lifespan (condos would have to be taken down after 50 years, since cost of maintaining would be more than creating a new condominium property).
Creative real estate financing forum Here are 12 ways to Buy an Investment Property with no Money Down nov 26 2018, 13:59; Innovative Strategies Is it possible to buy an investment property with 10% down Jun 3 2019, 23:08; real estate deal analysis and Advice What are some ways to buy property with little to no money down? Mar 4 2019, 06:25
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Welcome to the world of condo loan rules. Not only do the rules for a condo loan vary greatly between FHA loans and conventional loans, but also each lender’s investor may have her own set of rules (called overlays). Unlike a single-family home loan, condo loans are different, and not every condominium project qualifies.
Investment Property Loans. Getting an investment property loan is harder than getting one for an owner-occupied home. And they are usually more expensive. Many lenders want to see higher credit scores, better debt-to-income ratios, and rock-solid documentation (w2s, paystubs and tax returns) to prove you’ve held the same job for two years.
A Manhattan Supreme Court judge ruled that Ultra Construction Loan Investment Fund must resume funding on the condo project, which then resulted in a modification and reduction of the senior mortgage.
Buying investment property can mean many things. Sometimes people even use this phrase to describe buying a home they live in because, after all, that property is a big investment for them.
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Whether buying or refinancing, getting a loan on a condo is hard. Here’s what you need to know. Let Bankrate.com guide you through the loan process.