In now the time to buy an apartment complex or house?

Answer 1

it depends 100% on where you are buying

Answer 2

NOW is a good time to buy Real Estate. Actually i talked to a big lender today who told me that a lot of programs are offering 100% financing with good interest rates again. Because they know that in a short period of time the properties will appreciate enough to produce a nice equity. After all the complaining about the "bad" Real Estate market that was surprising to hear. This fact and the development we are seeing down here in Southwest Florida, Cape Coral, Fort Myers Area (more homes are being sold than new ones are coming on the Market) are good indicators that at least our Market is at the turning point. Now is time to buy.

Answer 3

Yes, rentals should be great if you can buy at the right price. You will need 20% down on a 4 unit or less, 25% on larger buildings, unless the seller will take a 10% second. This would equal 15% down. Some people still buy on land contracts at 10% down, but be very careful, this is very risky.

Answer 4

IF you have good credit it is - but otherwise it is very hard to get a mortgage or loan.

It is a very tough market right now. Banks are not wanting to give out money unless you have excellent credit and a large down payment.

Good luck to you!

Answer 5

Yes, we are in a buyers market right now. If you have the cash and or can close quickly, you have the cards to play.

Answer 6

if you have 20% down pmt and a good credit score and the rents give you positive cash flow from day one - yes

Answer 7

yes

Answer 8

prices are very low...now is the time.