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Tuesday, August 7, 2012 - Sound Real Estate Strategy

A sound real estate strategy for an uncertain future includes: 1. Save: Build up a strong cash position.  Having lots of cash means a smaller mortgage. 2. Develop skills: Sweat equity is one of the best ways to get into the real estate market or boost your real estate investment.  DIYers can save anywhere from 15 to 80 per cent on various repairs and renovations.  3. Have patience:  Don’t get sucked into the belief that the market will run away from you. It is important to ensure you can afford what you buy 10 years from now, regardless of interest rates.

posted in General at Tue, 07 Aug 2012 20:58:28 -0600

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