Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is property investment only for rich high earners?

0
Posted

Is property investment only for rich high earners?

0

Property investment works just as well with average earners as it does with those with high incomes. It’s rare anyone can buy a house outright straight away. You need to look for loans, mortgages and the equity in your own home. As long as you’re sure to make a return then your income really doesn’t matter, unless it interferes with your loan application, which is rare. If you are new to real estate however you will need an initial deposit (usually 10% or more).

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123