If you could go back in history and buy an average house in 1998 in Hendersonville, the price would be about $130,000. Today in 2018, it would be about $230,000. If you could go back in history and buy a average house for $130,000, would you?
If you did, you would have $100,000 in equity today caused by appreciation. Today, you would have paid down the balance of your six per cent mortgage down, creating another $46000 in equity. Thank you Mr. and Mrs. Tenant for paying your rent all these years. You would have probably raised the rent several times so that this average house has created a very positive, comfortable cash flow for you today. Your only regret would be that you did not buy ten average houses in 1998. You only bought one. All that depreciation that you wrote off you taxes is gravy.
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| The more you learn, the more you earn. A diploma is a beginning. |
Yes, today is a great time to buy an investment rental property. You do not have to be Mr. Prognosticator to know that inflation is going to happen. Real estate owners love inflation. Saving account owners are not crazy about inflation.
You might say to yourself." If I went back to 1998, I did not have any spare money to buy real estate." Education is the solution to that problem. There are lots of ways to finance real estate. If a person decided to allocate their available resources, that person could figure a way to finance buying a house or an apartment building. Here is a video to help explain. https://www.youtube.com/watch?v=jdu3K3Y5_N0
If you are interested in a comfortable retirement, buy income producing investment property today. Twenty years from now, you will be glad that you did. If you are a Realtor that really understands income property, leave a comment with a link to your website.
If you are near Hendersonville and you want to get a real estate license, contact me at www.firstrealestateschool.com .
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