Jay Flatt was great! His communication was super. He really kept me informed. He is honest and professional. His assistance made it easy to buy a home in Tennessee while living in Indiana.
-Richard Murdock
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Investment Real Estate >Investment Strategy
Real estate agents can provide you with information about how the local market has performed historically, in order to help you work out a strategy for investing in real property.
Historically, real estate has been a superb long-term investment. Many people have created fortunes on short-term investments in hot markets. Remember that the local market will be influenced by factors beyond your control, such as interest rates, economic trends, local employment opportunities, and the demand for and availability of rental housing. All of these factors are subject to change, so timing is crucial. A slow market can mean real values for buyers, but a fast market could heat up for several years, pricing timid buyers out of the market. Your real estate agent can't predict the future, but he or she can help you interpret the present.
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| Q |
What is a Balloon Mortgage?
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| A |
A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
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