subject: Buying Approved Bank Condos At Fairway Lodge [print this page] Buying approved bank condos at Fairway Lodge gives you just another way to save or earn in today's real estate market. While many are still pessimistic about the future of real estate, history has always known this industry to be cyclical. By cyclical, that means the ups and downs come and go at regular intervals. While it's true that real estate is traditionally a lower risk investment and lately it has been a higher risk one, the reality is that it will come back, and when it does, the home or condo that you buy today will be worth exponentially more several years from now. For those who can afford it, real estate is still the safest investment to be made, and buying an approved bank condo at the Fairway Lodge is one of the best ways to move forward. Why Fairway?
For starters, it features a number of great amenities that were previously approved only for the wealthy. Now anyone with a responsible credit rating and strong debt to income ratio can find ways to buy and, subsequently, make money off their investment. There are a number of ways that you can do this with bank approved Fairway Lodge units. You can hold and sell a few years down the road. All indicators are that in another five years, properties will be worth much more than they are today. You could also rent your unit out as the Fairway has a low vacancy rate, meaning that when people buy in, they don't want to leave. You could also use a seller carry back to potentially widen your target pool of buyers.
Secondly, banks do not like to lose money on their properties. It is in a bank's best interest to loan you money if they feel that you can "pay the freight," so to speak. A property that is empty is one that is not earning the bank money. You can benefit from this reality with a strong credit rating and having other pre qualifications met to the banking standards. With all the recent spate of foreclosures, there are more empty properties than ever before, and the time is right for you to buy in. You may even consider buying Fairway Lodge condo units in a joint venture with other buyers. When the market does turn around, you both could stand to make a bundle, or at least have a nice residual income to live off and hedge against future job loss or catastrophe.
Approved bank condos at Fairway Lodge can open the door to a prime property at a less than prime price. As you seek out investments in today's market, it is still one of the surest and most effective ways to grow your wealth.
by: Gen Wright
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