Consider purchasing an Investment Property in or around Woodbridge VA? by Claudia S. Nelson with Keller Williams Realty in Woodbridge VA
So there are several things you can do. If you are already owning a home and you are considering moving up to a bigger home, you could turn your current home into a rental home. Purchasing a primary residence will have lower down payment requirements. But again that will only apply if you are looking to move up to a bigger home and turning your current home into a rental and of course you still have to qualify for the financing. If you are not looking to move into a bigger home and you are just looking to purchase an investment property you have to calculate a down payment of at least 20 %. Also you can not forget the closing cost. In the event the seller doesn’t provide closing cost you need to calculate another 2 to 3 % of closing cost. There might be some upgrades you want to make to the home after your purchased the home. Also you need to consider the holding cost.
If you are thinking about investing in Real Estate call me today at 571-285-4319 or 202-299-7671. As I said above I am a big believer in investing in Real Estate and that’s not just because I am a Real Estate Agent. I see the positive aspects of investing in Real Estate in my personal life and of course in my professional live every day. Don’t wait and call me today.
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