Stop wasting time and money!

Stop paying for rent. Buy a house. Save your money by investing it. Buy property and become a landlord. This is a passive income.

There is a lot of money that goes into renting a unit. If an owner owns a property, and they hire a property manager, both of those people want to make money, and continue to pay for the house. But what if you could own a home, and pay half of the rent you were paying? Would you do it? Or, would you keep the convience of not having to take care of any repairs on the home? I guess there are postives to both, but my argument is to BUY A HOME. The value of land and your home can only increase in profit. If you are renting, you are overpaying every month into a home that will never be yours. It is money you are putting towards, basically nothing every month.

Now, there is always the issue of bad credit and/or no down payment. So, IF renting is your only option, create a budget, and stick.to.it. I cannot stress it enough. Stick to your budget and save up your money. There are loan options that allow for no down payment, but it may cost you more in interest every month, and require a bigger down payment. Talk to your realtor, or me (obviously), I can get you connected with a lender, or multiple lenders to see if they can help you. Some loans work better for those who don’t have a down payments or bad credit. But don’t think you can’t afford to buy a home until you have tried.

Another thing, if you are looking to invest in properties, whether that be flipping, or using them as rentals, invest in one at a time. If you throw money at a bunch, they are harder to take care of. Having one rental to start with is nice because you can you can pay off your mortgag every month, and you can make money off of it. If you’re flipping a house, make sure you or someone you are close to can do the work to save you money. Once you have sold that house and made a profit, invest in a another, and continue that pattern. Never bite off more than you can chew.

Real estate is always a good investment. Yes, it has its ups and downs, especially with renters, but everyone always needs a place to live. Plus, with our population growth, I don’t believe that we will see a decrease in the need for housing anytime soon. Think about buying your first house if you haven’t, or maybe a second house. Give me a call and let’s see what we can do!

amberfleck@premiermove.com

(540)273-6673