there are plenty of mistakes investors make along the way, but with the right advise and expertise you can find a property where the rent covers the mortgage, and then pays you hundreds of dollars in proceeds monthly. If you're able to get a handful of properties, those proceeds can quickly jump into the thousands every month, making for a viable alternative to the rat race of Humboldt's job market. There are some differences when it comes to buying an investment property, a major one being that there is a 25% downpayment requirement when using a loan, and interest rates are typically 0.5% - 1% higher than loans used when purchasing a primary residence. Given Cal Poly's quick expansion and unfortunate lack of housing, this might be the best time in the history of Humboldt County to invest in some local real estate! |