Getting a real estate property from the bank?
My sister just told me that she wants to buy a real estate property as an investment. She also said to me that she wants to have a real estate property from the bank through auctions because its more cheaper to get real estate property from the bank. Currently my sister is working and at the same time studying in a photography school. And at this early she wants to invest into something that will give her an assurance in the future. Pretty smart of her and I would like to give it a shot but I couln’t due to short of funds for these investments. Maybe 2-3 years from now I can also duplicate what my sister is doing now. I think going through a bank’s real estate property auction is one of the best move to invest.
I think they’re really worth it because you will get a much cheaper price. But I advice you pay in full because banks do usually charge more if you will buy it in installments. The interest will kill your budget every month for sure. If you can borrow money from your relatives without interest, its the best option you can do in buying these real estate property from the bank.