Are Vendor Finance Homes Right For Your Portfolio?
With so many different ways out there of investing your money, you might not have thought about vendor finance homes as an option before. Even so, they are worth looking into, and could form a worthwhile portion of your overall investment portfolio. They involve helping others to purchase property, placing yourself less in the traditional position of the owner selling it on than simply in the position of the person providing the finance for it. In doing so, they avoid several key difficulties associated with more traditional forms of property investment. Difficulties such as the range of additional costs that always seem to minimise any profit you make. From taxes to estate agents’ fees, everything you do when buying or selling property seems to cost slightly more than you thought it would at the start, with the result that there is hardly anything left for you at the end. That’s assuming that you can sell the place on, of course. You are absolutely trapped by the state of the housin