Financing your dream home purchase
For many people, buying a property in North Cyprus is an investment opportunity that is too good to miss. But, unless you are an experienced property investor with a burgeoning portfolio (or you've just won the lottery), finding the finances to turn your dream home purchase into reality can seem like a daunting task. The truth is though that getting finance is not as difficult as it might first appear, especially if you are an existing homeowner. Why? Because all you need to rely on is OPM (Other People's Money)!
OPM is a time-honoured investment tool that has been the cornerstone of business expansion throughout history. It enables a company or individual to finance business growth and create an improved profit potential. Almost every business in the world has at some point in their evolution used OPM in order to increase their net-worth. For you, if you are buying your property in North Cyprus as a second home or as an addition to your investment portfolio, the same principle applies. OPM should be your investment tool of choice. To give you a better idea of how OPM can work for you, just take a look at some of the financing options that are open to you for securing your dream North Cyprus property…
Secured Loan - Securing a loan / expatriate mortgage or second mortgage against your existing home and/or equity in your home is a sure-fire way to use OPM to your advantage. You can spread the loan out over 25 years, and pay for much of it from the rental income received from your property once it is built.
Partnerships - Why not consider part-ownership of a property with like-minded individuals? The costs are obviously shared and they could even be fully covered in some instances by an unsecured loan!
Investors - If you are looking to build a business around property investing then you might consider seeking funds from angel investors or venture capitalists. Before you take this route, you'll need to prepare a business plan and be confident that you can generate a substantial return on investment for the angel investor or venture capitalist helping you.