If you’ve decided to buy your first home, you’ve probably already created a wish list. You know all the characteristics of the house that’s a perfect fit for you… but not so fast. There may be a few extra things that you need to consider before you start your official homesearch.
If you’ve decided that you’re ready to buy your first home and are gearing up to apply for a mortgage, you’re probably wondering how much of a down payment you need to prepare for. You may find that there are special down payment assistance programs in your area or that you qualify for a loan program that offers 100% financing (like a VA loan for example).
If you’re tempted to dip your toe in the property investment waters, there’s a lot to consider. From upfront costs to potential repairs, it’s important to have a solid idea of what you might be getting into.
Women are starting to understand that investing in real estate can be both lucrative and rewarding. Whether you’re in it for the long haul and are looking to buy and hold property, or you want the immediate cash flow of buying and flipping, there are many ways to start building wealth by buying property.
Many wealthy people invest in real estate to generate income and improve their net worth. While the number of black women purchasing homes has risen, we’re still a little hesitant to buy real estate as an investment. It’s time that changed.