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  • Profile photo of aripolaripol
    Participant
    @ariellapolter
    Join Date: 2016
    Post Count: 3
    May 27, 2016 - 6:45 pm

    I’ve heard about this type of loan but I’ve also heard a lot of stories about people losing both their properties due to uncertain loan fees and rules. Being adherent to safer deals, I never really considered this option. But I’ll look this through.
    I’ll also head to the sections about increasing rent, thanks.

    And regarding your questions, I don’t have enough to afford purchasing a bigger property or any property at all. The property I’ll receive is in a bad location where rents are pretty low and the infrastructure is not well-developed yet. With time, though, I believe it may become a region with high demand due to the expansion of the city.

    Thanks TheNewGuy and FredWisley!

    • This reply was modified 8 years, 6 months ago by Profile photo of aripol aripol.
    Profile photo of aripolaripol
    Participant
    @ariellapolter
    Join Date: 2016
    Post Count: 3
    May 26, 2016 - 11:46 pm

    No, in fact, it did help. I also think that having more is better than less, at least in the long term. I think at the current state of the real estate market in that area, renting out the small apartment will make just enough to cover my loan but I’m still considering a professional consultation in the near future.

    Do you have any suggestions on effective ways on raising the rent? I might add more luxury furniture but what if there’s no search for more expensive properties in the region? Is there any way I could know for sure if a small renovation would be a good investment?

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