|About the Book|
Table of Contents:Investing In Buy-To-Let PropertyInvesting In Commercial Real EstateInvesting In Costa RicaInvesting In ForexInvesting In Indian EquitiesPenny Stocks - How To Make Huge Profit From Small BeginningsInvesting In SociallyMoreTable of Contents:Investing In Buy-To-Let PropertyInvesting In Commercial Real EstateInvesting In Costa RicaInvesting In ForexInvesting In Indian EquitiesPenny Stocks - How To Make Huge Profit From Small BeginningsInvesting In Socially Conscious StocksInvesting In Spanish PropertyInvesting In A Franchise And The American DreamInvesting In A Long-Term Strategy Means Long-Term FortuneExample from the book:When one has the capital to make a considerable investment, the thought of buying a property to let surely comes to mind. Letting out a property could be a fine source of capital growth, nevertheless additionally, it requires much work on the portion of the landlord. If it is your intention to buy a property to let, it is essential to know a handful of the pitfalls along the way and how to avert them.The initial thing you must know is for what purpose you are buying the property. Your objectives may be income, which is your month to month profits from the tenants, or capital growth, which deals with making a profit through increased equity from the second property as the value increases as time goes by. This choice should influence what kind of property you buy and the location of the property.Maintaining a property is an expensive procedure. As a guide, you should be aiming to attain a gross rent of at the least one hundred thirty-five percent of the property’s interest only mortgage repayments. This will help you cover your costs should anything go wrong with the property.There are three great differences with purchase to let mortgages that you should know about. First is rent potential. The choice as to whether or not a mortgage is offered is most often based upon the rent you will earn in addition to your income. In some cases your income may not even be regarded. Secondly is the interest rate. Purchase to let mortgages come with a slightly higher interest rate. Lastly is the larger deposit. The deposit is generally a minimum of twenty to twenty-five percent of the property’s value.Research into the kind of mortgage you wish to apply for is essential, of course. For many individuals, fixed rate interest options are preferable. Repayments for purchase to let properties can frequently be done in interest only repayments, but if you wish to repay the entire value of a property then look for a mortgage that will allow you to overpay each month if you desire.Finding a loan that will calculate interest daily instead of annually is more fair to you, since your interest will be calculated on a current balance instead of on repayments that you have already made through the course of the year.Before you decide to apply for your mortgage loan, think about how you want to let your property. You can let the property in numerous stages of furnishing, but if you choose to let a property with furnishings you will have to purchase the furnishings and deal with any damage caused by the residents whilst you are letting the property. Decide if you can afford to furnish the property, and factor that into the cost you will ask for to let each month.Buying a property to let could be an exciting experience, and even though it is hard work it can pay off well in the end. Decide what accurately you want to get out of the letting experience, and how you want to let the property. After that, the sky is the limit.