Residential Investment Property Loans - Crunching Numbers
Posted by Andrew Stratton in Property Investment
If you’re ready to invest in residential investment property, you are about to set off on a juicy, long-term investment that will bring you big bucks in the years to come - if you manage your money wisely. The first step on your way is to get an investment property loan.
Sure, you’ve borrowed money before, so you know the drill, right? Actually, there are some key differences with investment property loans that make them a little bit trickier than you would expect. Read the rest of this entry »
Modified Internal Rate of Return: Predicting Your Investment Profits
Posted by Andrew Stratton in Property Investment
How do you know if your real estate venture will make money? You’re dealing with a considerable amount of money, and you don’t want to waste a single penny. A real estate investment is not something you want to dive into blindly, which is why the modified internal rate of return is so useful.
The modified internal rate of return, or MIRR, is a calculation that gives you an idea of how much your real estate venture will make you. In the end, the modified formula tells you whether the deal is worth it or not. Read the rest of this entry »