Capital for Real Estate Purchases

It takes capital to purchase a home. This capital can be cash, or a loan. In any event, the question is how are you going to pay for your new purchase?

There are numerous cash buyers in the Santa Clarita real estate market place. Some of these buyers have sold previous properties and are looking for a good deal, and believe that cash is the way to better negotiate. You've heard the saying that "cash is king!".  And, of course, some have cash from other investments that they are using to fund their real estate investments.  Some have cash from a gift.

However, most home buyers are looking for a loan - either to best leverage what they already have, or because they don't personally have the funds to purchase, but are qualified to repay a loan.  Paying a home over a 30 year period is the usual time period for trust deeds, or "mortgages" .  California uses trust deeds...but that's another article.

The best time to get your capital in order in obviously before you start looking for a home.  Many buyers mistakenly think they should just look at homes then talk to a lender.  This is entirely backwards!  With lending practices and requirements constantly changing, a buyer needs to be pre-approved for a loan before they even think about looking. A good local lender working with your expert real estate advisor will save you money in the long run.  Contact Tricia LaMotte to get more information on how to effectively start this process

Thinking of purchasing an investment property?  Investors come in all flavors, and some of the biggest investors are the "mom and pop"  that live next door!  Did you know that you can purchase real estate with your retirement account? Your 401k or IRA account doesn't have to be invested in mutual funds alone!  Many small investors have discovered the self-directed IRA to purchase their first investment property. As a Certified Investor Agent Specialist, I can show you how to get started with your first investment property, and the beginning of building passive income for the future - for your retirement, children's college. There are many advantages to getting started now!

What ever form of capital you use to make your real estate purchase, now is the time to purchase! Warren Buffett recently said that purchasing real estate now "will be the best opportunity in your lifetime".