It was said once “if you don’t know where you’re going, how do you know when you’ve arrived!”. I wanted to give you some examples of common goals for investors, and some type of investments that might match up.
Monthly income NOW
Everyone would love to be able to quit their job and collect a monthly cheque for residual income from their investments. Using real estate here are some examples:
- Provide a loan at 6%-8% interest as a downpayment for a real estate investor to buy a property. It may only cost you 3.5% to borrow that money, the difference is your profit. Depending on how much you lend out, it could receive a few hundred dollars a month.
Short term investment (less than 1 year) for a lump sum.
- A good option would be provided a high percentage (10-12%) loan for someone wanting to do some quick renovations with the hope of selling the property for significantly more than the renovation costs. The pay you upon sale of the property.
Medium or long-term investment (3-15 years) for a lump sum.
- Provide the money for a down payment as an equal in the property purchase. The investor takes care of finding the property, the offer and negotiations to acquire the property, management issues, filling the property, repairs, market monitoring for the time to sell, and the negotiation in selling the place. This means you split all the monthly income, and mortgage paydown and the sale of the property. The monthly payout will likely be less, but the returns when the property is sold in our experience will be 13-17% per year!
There is good reason why it has been said: “for real estate, it’s not as important WHEN you time the market, but the length of time IN the market”. Some of the most profitable returns are in the long term.
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