How To Prepare For Your First Real Estate Investment Purchase As A New Investor
2020-04-15
Investing in real estate property is probably one of the biggest milestones you will ever make especially in a city like Hong Kong. It’s a complex business and getting ready to buy your first ever real estate property as an investment opportunity can be terrifying and even daunting. There’s so much to learn about, and the industry jargon can make your head spin. Credit scores, down payments, mortgages, appraisals, appreciation, closing statements, contract rent, co-ownership, buyer’s agent, listing agent, fixed-rate, adjustable-rate mortgages, pre-approvals, closing costs, title insurance…the terminology list goes on and on. What are all these terms? Where do you even begin? Getting your feet wet in the real estate industry is absolutely overwhelming if you are a newbie, and fear is what stops the majority of the people out there from ever getting started in real estate investing. There’s the fear of the unknown, it’s a whole new universe to learn and understand. And then there’s the fear of failing. The fear of failure is the number one fear that stops people from achieving their dreams of becoming real estate investors ...