by Guest Blogger Matt Eversgerd of First Integrity Mortgage Services – 314-620-7227

Ever since the dawn of currency, people have made fortunes off the “Buy low, sell high” philosophy.  It’s what investors in the stock market try to do, it’s what people in real estate try to do, and it’s the driving force behind the sale of all consumer goods. 

It seems that in a time when real estate values have leveled off, homes are taking a bit longer to move, and sellers are more anxious than ever to get an offer on their property, there’s never been a better time to purchase investment property.  In addition, uncertainty in our stock market right now makes real estate a golden opportunity.

It’s hard to believe that as early as last year you could purchase investment property with a no income verification loan and finance 100% of the price.  While lending standards have tightened up across the board, we’ve seen an even greater tightening up on investment property.  BUT, if you can find 20% down and have the income to qualify, you are in the enviable position of being able to take advantage of the “buy low mentality.”  It’s not that hard to qualify, and you can worry about selling high later. 

The biggest hurdle is usually the 20% down payment; however there are several ways to come up with the money.  You could take it from your savings account or investment accounts, or if you have the ability, you could borrow it from the equity in your primary residence and actually finance the entire purchase.

The bottom line is this…If you’re looking for an opportunity to take advantage of the times; there’s never been a better time to purchase investment property!

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