Cheap Real Estate in the USA
Despite the fact that on average life in the United States is more expensive than in Europe, housing here is much more affordable than in many other countries. This is possible due to the availability of a large selection of real estate, the low cost of mortgage lending, as well as various forms of acquisition. Real estate in the USA is not just housing, but an asset designed to generate income for the owner. Read more >>>>
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Cheap Homes USA
Investments in Real Estate in the US
Despite the fact that on average life in the United States is more expensive than in Europe, housing here is much more affordable than in many other countries. It is possible due to the presence of a large territory and, as a result, a significant selection of real estate, the low cost of mortgage lending, as well as the availability of various and flexible forms of its acquisition (from simple installment plans to creative financing), as well as the thriftiness of the majority of Americans, who are not willing to spend money meaninglessly. Many Americans own multiple homes, so they can use them not only for housing, but also as assets that generate income.
The most budget-friendly options for houses in the USA are mobile homes (in specialized communities without land ownership, that is, you buy a house and pay monthly for land rental and maintenance of the common area (from $300 per month). Before purchasing such a home, you need to be approved by the community, where buyers are checked for lack of criminal history and solvency.The cost of mobile homes in the USA starts from $5,000.
Another budget option for purchasing real estate in the USA is to buy a house that requires renovation (fix&flip house). Such houses, depending on the state and region, can cost from $15,000, investments in repairs will cost the same, but after repairs, the market value of the house increases at least 2 times and is already at least $70,000.
The third convenient option for purchasing real estate is installments. It is possible to get it both, directly from the owner (owners financing, rent-to-own) and from other financial organizations and banks (lenders). Mortgage loans in the United States until recently were famous for their low rates (from 3%), now they are a little higher (up to 8%). Mortgage loans in the United States are also available to foreigners!!!
After purchasing a property, you do not have to use it, you can simply transfer it to a property management company to immediately receive income from renting it out for a short (airbnb) or long term.
Real estate in the USA is not just housing, but a way to invest and earn money!