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Great Negotiations and Expertise
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Investment Real Estate >Retirement and the Second Home
Buying a second home as rental property makes a great centerpiece to your retirement plan. It forces you to make regular savings in the form of mortgage payments that become your equity.
You only need cash for the down payment, and you should make sure that your monthly rental payments will cover the mortgage and any additional expenses. This is a real possibility if you buy the right house at the right price because a good single-family house should always stay rented. Your investment money is subject to less income tax, and the interest and property taxes may be deductible.
Housing has appreciated in value all over the country in recent years, making a second home an important hedge against inflation. Most experts predict that interest rates for fixed-rate and adjustable mortgages should remain in single digits for the foreseeable future, so it should be easy to acquire financing with a small down payment.
Call an agent with your real estate questions. They have helped hundreds of people to sell their homes and properties--and to purchase the home of their dreams.
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| Q |
What is considered the primary factor distinguishing buyers of prestigious properties from the average home buyer?
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| A |
Financing doesn't worry these buyers; they often put down 40 percent or more or pay cash for a property |
 See More Real Estate Trivia > |
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 Call Kelly today
at
1-800-567-2279 OR
919-859-8889
for your FREE copy
of "What You
Need to Know 6-12 Months
Before Selling
Your Home!"
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at
919-818-3450 for
your FREE copy of
an invaluable 34-page book,
"Homebuyer's Toolkit, Ten Steps to Choosing and Purchasing Your Home."
Jodi Bakst, Realtor
Jodi is a realtor and friend who specializes in Chapel Hill, Durham and Raleigh Real Estate
Find Out More >
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