Spoiler Alert: Start with the heart
According to the Australian Bureau of Statistics, Melbourne is the fastest growing city in the country, with a current population of 4.64 million. The prediction is that Melbourne will soon overtake Sydney as the most populated city in Australia.
United Wholesale Mortgage (UWM), a national wholesale mortgage lender operating in 49 states, announced that it grew its residential lending volume from $1.245 billion in Q2 to $2.019 billion in Q3, representing a 62 percent increase.
With housing prices still down and mortgage rates the lowest they've been, well, ever, right now is an amazingly good time to invest in real estate. Of course, in order to do so you need money, and unless you're independently wealthy, that means raising funds from private lenders.
Maintaining the resale value of any property is one of the primary concerns of the owner whether the property is commercial or residential. Sometimes there is nothing you can do about the changing value, because value can often change through external sources, such as the overall decline of the neighborhood, the upkeep of surrounding buildings, or the rezoning of the area by local government.