Six Steps to Increase Your Equity in Real Estate
Monday, September 25th, 20061)Raise rents as quickly as possible once you buy a property. Why? Because the higher your rents, the larger the mortgage payments you can make on a property, reducing your mortgage on the property, increasing your equity.
2)Make needed repairs on the property. You can do these yourself, or you can have the repairs done by an outside contractor. Just remember that every dollar you spend on repairs raises your property’s value by at least S1.33. So repairs increase your equity in your property.
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