Some affluent buyers are getting the keys back to their new home without putting a cent down.
It is 100% financing exactly the same approach which put many homeowners into foreclosures during the course of the last housing bust. Banks say these loans are safer: They almost exclusively being offered to consumers with sizable property and assets, as well as often need a couple of types of collateral: namely the house along with a part of the customer's financial investment collection in lieu of the traditional money down fees.
Whether the investor is someone who scrimped and saved to afford a second home, or an organisation that buys, leases and sells properties regularly – no trader wants to observe their investment real estate empty or unkempt. Enlisting property control services is a cost-effective way of ensuring each investment earns passive income for the investors and generates the maximum return, leaving investors free to focus on generating revenue and investments in different ways.
Investors can earn top dollar leasing their properties to short-term, usually professional, tenants who are chasing a luxury escape, or appreciate having a ‘home away from home’ when travelling or relocating for company needs.