Yes, You may be eligible if:

The loan on your property is owned or guaranteed by Fannie Mae or Freddie Mac (Don’t know? See below);
At the time you apply, you are current on your mortgage payments ("current" generally means that you have not been more than 30 days late on your mortgage payment in the last 12 months, or, if you have had the loan for less than 12 months, you have never missed a payment);
The amount you owe on your first lien mortgage does not exceed 125 percent of the current market value of your property;
You have a reasonable ability to pay the new mortgage payments; and
The refinance improves the long term affordability or stability of your loan.

The Property sector is now the fastest growing industry in the liberated economy in India. The industry has already drawn huge investment both inland and overseas but still there is ample opportunity to invest in the prime properties in the different cities and urban areas of our country. In fact it is only the beginning of the revolution.

The recent boom in the manufacturing and the service industries as well as in Information Technology (IT) and IT enabled service industries, is generating large number of new employments in all levels particularly in the specialized skilled levels.

Also these industries have the potential of generation of more employment for skilled and educated people in near and far future.

The salaries and perquisites offered by these industries to the eligible employees are comparable to the best of the industries worldwide and some times even better than that in other developed countries.

As a result of all these factors, the new educated young working generation is now earning lot of money and is ready to spend for their needs.

As such it is needless to mention that the young and educated people will rush towards the big cities like Mumbai, Hyderabad, Chennai, Bangalore, Kolkata etc. which have now become the hub for the new generation of industrial revolution in the country generating millions of employment for professionals.

Unfortunately there is an acute scarcity for good accommodation in the big cities and surrounding areas which can meet the requirements of the aliens coming to the cities for employment.

In such a situation demand for good housing has sky rocketed due to inadequacy and property builders are taking these opportunities to build sky scrappers and investing lot of money towards property development in the big cities.

However, owning a good accommodation in good locality in the city is not a child’s play. Considerable fortunes are to be spent for owning it which may not be possible for a young person whatever his or her income is.

In these cases, renting an accommodation is the only solution. As such, demand for residential rental property is increasing everyday in all the cities and urban areas.

Also putting a house for rent by owner has become a source of income for the property investor or owner of the property.

The persons whose income is eventually more than average may not like to stay in a rented accommodation in multistoried buildings. He will prefer rent independent house for living with family.

All the above is pointing to the great potential in investment in property business.

The advantages of investing in properties may be summarized as below:

- Demand for accommodation is ever increasing and people are ready to pay hefty amount towards accommodation.
- Out right sale of the accommodation to the purchaser by the builder is a profitable business and return on investment is higher compared to other industries.
- If immediate selling is not possible, renting the accommodation is a good business and the return towards the rent is far more than the normal interest bankers charge for the loan towards development of the property.
- Not only apartments in multistoried buildings, demand for independent houses for rent is also high. As such investment in building independent houses for renting purpose is also a profitable business with high rate of return.

Smantha Sen
http://www.articlesbase.com/real-estate-articles/rental-property-in-india-investment-opportunity-74891.html

http://www.columbusinvestmentpropertyblog.org/ – Great Turn Key Deal” 3060 Norwood St. in a nice and quiet neighborhood in the north end of Columbus. 3 bed 1bath, 1234sq fenced in back yard. Tenant is in place and would like to eventually buy.. Auditor value is 4,100 purchase price is 9,900, that’s heavily discounted, 50-60 cents on the Dollar!!!! Could sell back to tenant on Lease Option/Land Contract for 85-94k…that’s a 30-40k PROFIT No Brainier deal….will not last long.”Make OFFER TODAY!!!”

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Property in Bulgaria is a strong favourite with British overseas property buyers who have been buoyed by the potential for high capital appreciation. Whilst there has been undoubted capital growth, 42% in 2005 according to international surveyors Knight Frank, the property market had its problems like any developing country should therefore be treated with caution.

Some of the property in Bulgaria has been of a sub-standard quality and property rental potential has been overblown. Overseas property buyers have invested predominantly in the areas of Bansko, Sunny Beach and Sofia. In the main, these areas have been overdeveloped where supply outstrips demand. The prices of many properties in Bulgaria are out-with the budget that can be afforded by local residents and are reliant on overseas property buyers who buy for investment or lifestyle reasons.

Overseas property buyers hoping to rent out their Bulgarian property should ensure that their property has agreements with travel companies as Bulgaria is not the sort of country where tourists turn up and rent holiday apartments on impulse. Rental potential in many areas should be estimated at approximately 3%-4% net and not the 10% that is quoted by some. Genuine guaranteed rentals schemes are an attractive option to many investors as it gives peace of mind with regard to relying on a rental income, if necessary, and saves having to spend time marketing the property. Guaranteed rentals are not always genuine and are sometimes merely the result of the price increase in the property. Genuine guaranteed rentals can be given where the developer has agreements in place with tour operators and is therefore assured of occupancy levels.

Property in Bulgaria is still appealing for property investors. EU entry and the associated levels of investment as a result of membership will no doubt assist capital appreciation. Additionally, tourism levels are increasing making buying a ski property, golf property or beach property all the more appealing. The main consideration when buying property in Bulgaria is to focus on areas that are not over-developed. We can only recommend property in Bulgaria where our analysis has shown that there is good growth potential and importantly, the possibility to sell or rent at a later date.

Ewan McGarrie
http://www.articlesbase.com/real-estate-articles/free-advice-on-buying-investment-property-in-bulgaria-117076.html

Contrary to popular believe, real estate investments do not necessarily require loads of cash at the outset. In fact, many real estate tycoons have made their way to the top through leveraging or financing. Investment property financing is an excellent real estate technique, and a norm among seasoned investors. The reason is obvious – Firstly, you lose on significant profits if you don’t leverage your investment. Secondly, real estate does involve some risk and, hence, you wouldn’t want to put each penny of yours on the line.

Real estate can be a lucrative endeavor if you make use of investment property financing. As an example, consider the following scenario:

Say you purchase a property for $100,000 that appreciates at a rate of 8 percent per year. If you rent the property, you are likely to accrue a profit of around 16 percent per year. With investment property financing, however, this net profit could skyrocket to over 100 percent. In general, real estate investors can have a property financed for up to 95 percent of its total purchase price.

How investment property financing works?

Bearing in mind the above scenario, let’s suppose that your rental income completely covers the expense of owning the property. Now, an 8 percent appreciation in property would yield a profit of $8,000 per year. If you are able to acquire 95 percent financing, you would have to pay only 5 percent as down payment, which is $5,000. Therefore, you bag returns of $8,000 on an investment of $5,000 – that is an overwhelming 160 percent return on your investment.

If you are willing to go a bit further and invest in 10 such properties (with 95 percent financing on each), you could end up accruing a profit of $80,000 per year. Therefore, investment property financing is always better than an all-cash deal. However, attaining finance for more than 5 or 6 properties can be quite cumbersome. As an investor, you need to be articulate enough to put forth convincing arguments, and you must possess exceptional negotiation skills.

All in all, if you have bountiful of cash, and are content with trifling returns on your investment, then you may not look for investment property financing. However, if you crave to be a big gun in real estate, and you also want to test the waters first by not using much of your own funds, then investment property financing is the way to go.

Copyright © 2006 Joel Teo. All rights reserved.

Joel Teo
http://www.articlesbase.com/advertising-articles/investment-property-financing-how-you-can-make-money-with-it-60126.html

we are wanting to start a joint investment portfolio and are looking to spend upto $100K aud on Tasmania’s west coast to buy and fix up a place and then rent it out to one of the local miners but are looking for advice as to what we do if there is a problem and even some general advice……this is dead genuine and as such please only give genuine answers.

thanks very much
Mitch and Laura

Make sure you research your rights and responsibilities. There should be a local government website that will cover your rights and responsibilities as a landlord. In Canada there is a Landlord and Tenant Advisory Board which is accessible thru the net, phone or fax and are available free of charge to both landlords and tenants for information as well as settling disputes. Read as much information as you can but nothing beats getting a good tenant. Do credit checks, if possible, on all tenants. Make sure you check their references. See how long they’ve been employed, how long they were at their last address, etc. Good luck!

rewarding you with property and cash

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The process of searching for investment rental property can be exciting; however, before you get too excited it is important to run some preliminary numbers to make sure you know exactly what you are facing to ensure a successful investment.

First, you need to carefully examine potential rental income. If the property has already served as a rental property, you need to take the time to find out how much the property has rented for in the past and then do some research to determine whether that amount is on target or not. In some cases, properties may have rented for lower than they should have while in other cases a property may be over-rented. Look at comparables in the area to make sure you know whether the property in question is on target; otherwise you may find that the amount you think you will be receiving in rental income is unrealistic.

Mortgage interest is another area that should be considered carefully. Make sure you know and understand prevailing interest rates as well as the details of your specific loan because mortgage interest is the biggest cost you will face when purchasing investment property. First, understand that homes and duplexes tend to have loan structures that are similar to any mortgage loan. With a larger property; however, such as a triplex; rates tend to be higher. If you are looking at commercial property with even more units; the matter of terms and rates is completely different. Typically, the more money you are able to put down on the purchase of the property, the less interest you will have to pay.

Taxes are another issue. Many people use the taxes from the year in which the property was purchased and assume they can use these figures to estimate expenses. This is not always the cases because taxes do not remain the same; they typically change every year. Usually, taxes go up after a property is purchased. This is especially true if the property was previously owner occupied. So, it is typically a good idea to just assume that the taxes will go up on the property after you purchase it.

One area which many people fail to take into consideration is the cost of the property being vacant. While you would certainly hope that your property would remain rented all the time, this simply is not realistic. There will probably be times when your property will be vacant. Generally, you should assume that your property will have an average 10% vacancy rate.

The cost of tenant turnover should also be taken into consideration. This is often a big surprise to many landlords who assume they will rent out their properties and their tenants will remain in the property for some time. Even more of a surprise is how much it costs to prepare the property to rent out again. Just a few of the costs include not only advertising for a new renter but also repainting, cleaning, etc. If damage was done to the property, the total cost of repair may not be fully covered by the security deposit you charged.

Of course, the cost of insurance should also be taken into consideration. Keep in mind that the insurance for investment properties is usually higher than an owner occupied property. Make sure you obtain a quote rather than just using the insurance cost for your own home as an estimating guide. In addition, make sure you take into consideration not only property insurance but also liability insurance as well.

Utility costs are another area that are frequently under-estimated. If the property has already served as a rental property make sure you find out exactly what the owner pays for and what the renters pay for. You should also make sure to find out whether you will be responsible for other costs such as trash collection.

Finally, take into consideration the costs of property management if you will not be managing the property yourself.

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I am a first time buyer and want to buy an investment property because a primary residence in my region is too expensive. Can I get a 100% loan, if so how?

Only certain lenders will do it but its possible.

kmyers@lendsmartmortgage.com