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An investor might not have the cash to purchase outright therefore he has the option of buying easy through a mortgage. In the US, the mortgage systems are quite easy with a 5 - 30year pay back period.
The investor pays 30% of the purchase price of the property as equity contribution.
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Requirements for taking a mortgage
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1.
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Statement of account showing availability of funds for purchase. |
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2.
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Pay advice for the month. |
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3.
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Photocopy of the data page on the investor’s international passport signed by a notary public. |
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4.
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Filling a mortgage form. |
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Here is an analysis of a typical mortgage purchase.
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These qualities create a demand for rental housing that far exceeds the supply. In most metropolitan and beach communities, property managers cannot seem to meet the demand. With the demand for housing increasing in fully developed counties and cities, real estate appreciation is at an all time high. In such counties as Dade County (Miami) and Broward County (Fort-Lauderdale), yearly Real Estate appreciation rates have averaged a whopping 15 %. And the market is still strong.
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Historically, returns from real estate investments have time and again, outstripped gains from the stock market. With such current volatility in the stock market, many investors are turning to Real Estate with their investment capital, and for good reason.
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Safety, Security and Steady Appreciation without high risk
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From Private Residential Homes to the acquisition of Duplexes, Triplexes, Fourplexes, apartment complexes and commercial Real Estate, our local market knowledge and construction experience can help guide you in the acquisition of income producing property and / or private residential homes.
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Here are a few reasons to consider investing in Florida:
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1.
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Stable, predictable, world class economy |
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2.
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The economic fundamentals in the United States point to a more prosperous future, especially in the real estate sector.
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3.
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Full payback on income property in USA is achievable within a period as low as ½ (half) the time it would take to realize full payback on Investment Property in many countries worldwide.
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4.
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If building to resell, the returns are unprecedented. The bottom line is that whether you are looking at buying a developed property or a new development which entails buying a plot of land and constructing to specifications, we will handle the entire process without any hassle to you. Several designs from single-family units to apartment blocks are available for the discerning investor.
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Here is an analysis of a typical mortgage purchase.
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Philadelphia |
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A fully refurbished 2-bed row home in NE Philadelphia |
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Price |
$ 100,000 |
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Loan 70%: Equity 30% contribution |
$35,000 |
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Approx settlement costs
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$ 4,600 |
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Agency fee |
$ 3,000 |
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Total estimated cost |
$42,600 |
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Rental income |
$800 |
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Monthly payment |
$433 |
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Real Est. Tax |
$63 |
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Insurance |
$40 |
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Net Income: |
$219.40 |
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