|
Malaysia Real Estate Malaysia Real Estate Portal
|
View previous topic :: View next topic |
Author |
Message |
Xanthia Alysha
Joined: 26 Oct 2009 Posts: 137
|
Posted: Tue Nov 03, 2009 1:37 pm Post subject: How to start in the property market with no money? |
|
|
While there is still some money to be made, you have to do your homework and have money. Zero-down loans are almost non-existent these days, you are going to have to come up with some sort of down payment - especially on investment property. Also, you need money to fix the place up - the way to make money is to buy a "fixer-upper" (preferably not one in a high state of disrepair). Once you have done the fixing up (new paint, landscaping, etc.), then you factor in the cost of the mortgage you carried, the original price, and any additional expenses, add profit margin and try to sell.
the problem becomes if the house languishes on the market (very possible in this economy) and you have to pay out of pocket for your mortgage for an extended period of time. The interest could catch up to any profit you hoped to make. _________________ Minneapolis Home Remodeling |
|
Back to top |
|
 |
|
|
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
|

This is a free forum intended to foster communication between
all users.
Hileytech Sdn Bhd does not guarantee the correctness or validity of postings,
nor does Hileytech endorse any postings. No posting or contents in this forum
can be copied and reproduced without prior permission from Hileytech and the
owner of the posting. All other names and marks are trade names, trademarks or
registered trademarks of their respective owners.
Powered by phpBB,
Another web site by www.hileytech.com,Forum Archive
Tel : +603-89449965, +603.89449365 :: Fax : +603-89440665 :: hiley@hileytech.com
|