ATLANTA, GA, August 07, 2014 /24-7PressRelease/
-- When it comes to securing financing for investment property, many people will be forced to take out an investment property loan. These loans typically have higher interest rates and require larger down payments, putting people in dire financial straits when it comes to making mortgage payments.
Many people make a crucial mistake when getting involved in real estate investments. They think that they'll get rich quick by investing in a "sweet deal" but just aren't prepared for the nuances and complexities involved in real estate investment.
One of the main problems with real estate investments is that many people consider real estate to be a transaction instead of an investment strategy. As such, buyers might misjudge cash flow, pay too much for the property or not conduct thorough due diligence.
"It's very important to do thorough planning and consult an attorney that provides real estate law services
to run you through the nuances involved with real estate investment," says Jeff Lall, attorney at Freeman Saxton, P.C. "One of the most common problems I see in my practice is people painting themselves into a corner. Many people get stuck with property and outlandish payments because they only have one exit strategy: selling the property or renting it out. But what happens if the property doesn't sell and rental markets stall? Always have more than one exit strategy when thinking about investing in real estate."
If you are having any difficulties making the mortgage payments on your investment property, contact Freeman Saxton's expert real estate lawyers
.About Freeman Saxton:
Freeman Saxton is an Atlanta law firm, specializing in real estate law and litigation. While this firm specializes in real estate, these lawyers also strive to protect consumers during forclosure proceedings, debt collection lawsuits, bankruptcy and other civil suits.
To learn more, please visit http://freemansaxton.com