Charles Lee

Investment for Beginners Residential Real Estate Charles Lee

The typical process of acquiring a property is to work, save for a twenty percent deposit, and find the best mortgage rate. Due to economic and other uncontrollable circumstances, such as loss of a job, unforeseen expense, sometimes things do not always go according to plan. When I acquired my first property, I did not save up twenty percent for a deposit due to my low income and high property prices. Instead, I managed to find willing partners who were able to leverage my income and borrowing capacity to make the acquisition. With little outgoing from my own pocket and expense mainly covered by the tenant and the partners, I was able to secure a small share of the property and benefit from the sale proceeds when developers offered to purchase the property from my partners and me. This book will teach you how you can strategize and get into the property market with limited capital. With rising property prices and limited wage growth, property acquisition may seem like an out-of-reach dream until you really explore your options.