September 14, 2007
Why Should You Buy More Properties And Not Sell In This Falling Market ?
There has been bad news everywhere in housing market in US last few months. It has been causing huge anxiety among the homeowners. A lot of people just wonder whether they should sell their homes or not.
For last two months, I have been posting many guides and tips on how sell your home fast and get maximum of your money. This time I'm going to give another important advice on home selling, that is not to sell. You should buy low, rent out, and hold for longterm. Smart buying is also an important technique of home selling.
If you only have one property and are able to pay your mortgage payments, or you don’t have to sell your home now, then just don’t sell it because you have fears on the falling housing market.
If you have more than one property, you should weight the other options, such as rent it out, or sell it with lease options. If your monthly payment is too high and you have negative cash flow after deducting the rental incomes, you should consider refinance the mortgage into much longer term with a fixed interest rate, such as from 15 years to 30 years term to reduce the monthly payment.
I’m telling you not only not to sell, but also to buy more properties now. You may think I'm crazy. No. I am not.Here are some reasons why you should not sell your properties right now if you don’t have to, and instead even buy more: Read more