Investing is more a game of lending than it is investing
Author and property investor, Michal Yardney says “real estate investing is a game of finance with some houses thrown in the middle”.People think that the scarce resource is investment-grade property. But the scarce resource is actually borrowing capacity – as everyone has a limit to how much they can and should borrow.In a normal market, investors that seek professional advice from a buyers’ agent will eventually be able to identify and acquire a quality asset. And if you had an unlimited borrowing capacity, theoretically, you could keep buying property. However, the reality is that everyone…
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