Many people, especially young adults, have wondered at some point in their lives whether buying a home would be a good decision. There are several options to make this decision a smart investment, one of them is buying for rent.
While most people wait until they can buy their second home to start investing, many people choose to start doing it much earlier, all it takes is a bit of cunning and intelligence in real estate.An advantage of buying a house to rent is that it is much faster than selling a house since the decision to rent involves less commitment than buying; this can give you liquidity regularly.
If you decide to buy the home that you will rent with a mortgage loan, you will be able to continue seeing the benefits because by converting your home into a real estate investment property, you can get the most out of your mortgage loan. For example, you can take the money you earn from the rent and reinvest it in your property or use it to pay your debts, however, you should keep in mind that it is not a short-term investment.
The area where you decide to buy the house is very important. You should look at the price, but remember that this is not the most important thing when investing. If you found a Condo Chatuchak(คอนโดจตุจักร, which is the term in Thai)that meets your needs, keep in mind that after you have given the down payment on the property, the rent must be equivalent to the monthly mortgage payment.
Buying a house to rent it is then a very smart real estate decision if you are committed to finding good tenants, keeping the house in good condition, and paying the mortgage monthly with the rent.