Another Investor opportunity....The fact of the matter is, the media's doom & gloom, job loss, foreclosures, economic outlook, and tons of other circumstances and fears will always cause some to believe that they may never own a home. An investor will buy a home and fix it up just for renters based solely on this preface. Yet, actually behind the smoke & mirrors you will find that the 'renter' is actually buying the home for the 'investor'. What a good deed by the tenant to do his landlord such a huge favor by paying off his asset for him and then continuing to give him a monthly profit! SWOOSH!>>>> NOTHING BUT NET!>>>> For the investor that is! All he had to do was keep the grass cut, have the exterminator spray for bugs and send his brother Joe the plumber over to unclog the commode a few times and he has done his yearly duties and earned $12,000 profit less repairs and maintenance + tax benefits while the renter on the other hand has paid out that same amount as a loss. If you have rented over the last 10 years paying at least $1000 per month, you have just paid a whopping $120,000 toward someone elses investment. The real ugly truth is that while you may choose to rent as the safer option, you are still buying a home, you are just buying it for someone else! Check out the Rent Accumulation Chart below to see just how much you have contributed to someone elses investment!
No comments:
Post a Comment