these people don 't have that kind of time. By you taking over payments, it is an immediate relief of payment burdens on the seller, and they will often be happy to wait a bit for the lump sum.
When you invest in real estate, you add value to your customers in one of the important areas of human needs…shelter. You are investing in an evergreen industry. That’s why, I believe you should include property investing as part of your wealth- building portfolio. As of February 10, 2022, the normalization of the economy continues as mortgage rates jumped to the highest level since the pandemic. Rate increases are expected to continue due to a
strong labor market and high inflation, which likely will have an adverse impact on homebuyers’ demand. In my opinion, this is the right time to invest in real estate. Assuming you have a 20% down payment ($36,000), your total mortgage on a $180,000 home would be $144,000 $144,000. For a 30-year fixed mortgage with a 3.5% interest rate, you would be looking at a $647 monthly payment. Please keep in mind that the exact cost and monthly payment for your mortgage will vary, depending on mortgage loan’s length and terms.
Mortgage Amt. Monthly Mortgage PMT $144,000 $647
Total Interest
Paid Payoff Date January of 2052
$88,785
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