Determining the type of property you desire to invest in can take time – condo, single-family home, tri-plex, four-plex or duplex? Knowing the accurate down payment on each of these properties will potentially ultimately make or break the decision. Do you plan to rent it out year-round or only during certain months of the year as a vacation property? Or perhaps this is a property where you will live while also renting out a floor or a basement to tenants?
Having the property in close proximity to you may help keep situations under control in case of an emergency. If the property is far away from your home, employing a property management company may be the best option.
If the property requires costly repairs, take into account whether you’ll earn your investment back. Hiring a qualified accountant will assist in determining variables for you.
Mayu Capital Lending, Inc. is a California based lending agency that specializes in residential and commercial financing. With over 11 years in finance, Mayu Capital Lending, Inc. takes a different approach to funding through a preference of portfolio-client relations in place of purely transactional lending.
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