Purchasing Investment Property
Purchasing an investment property is never an easy decision, with potentially plenty of angst while trying to weigh pros and cons. Calculating down payment, principal and interest, insurance and taxes can be overwhelming. With investment properties, the focus is also on pay down speed. It’s not an income producing property until it’s paid off, at least in my book. So finding a calculator that will provide a simple means to predict various pay down scenarios is critical.
Making Big Decisions
When deliberating big decisions like a real estate purchase, easy to find and use resources are a must. There are a plethora of mortgage and investment websites. However, most bury calculators and resources so deep on the site. It becomes a frustrating experience just to find the dang things. I’ve quit searching CNBC, Bloomberg, MSN and other known sites for this reason, and have come to rely on MortgageCalculators.info. It’s a dedicated calculator site, with additional learning resources included. Using this site gets me straight to the math, and layers in educational articles as well. Specialized calculators provide a comprehensive look at payoff goals, the benefit of additional payments or the bonus savings of making bi-weekly payments.
Be Prepared for the Market
Anyone who’s been watching the market knows it’s a little crazy out there. New listings go pending within days, sometimes hours. Having the right tools available instantly means quicker decision making and reducing the potential for missing a deal. Even when not actively researching a particular property, it doesn’t hurt to keep up with current interest rates and payment zones. I routinely check the calculators so I feel prepared to make a move when the time is right.
It took quite awhile for me to take the leap into investment real estate, but with resources like MortgageCalculators.info I feel better equipped to continue on the rental property investment track. This site is ultimately a valuable retirement tool, helping me shoot for paydowns and creating a positive cash flow quicker.
Whether you’re in the market for a first time home, vacation home, or investment property, MortgageCalculators.info provides insight and information to help you seal the deal!