Buying A Home Is The American Dream
In addition to buying a home to live in you can also buy a rental property or investment property . Most lenders will lend you a loan on an investment property with a 20% down payment . There are a lot of homes you can buy with a 20% down payment you can rent out and cover your Mortgage payment , or you could find an investment property that will actually cash flow , which means your rental payment exceeds the rent you collect , leaving you a net profit every month.The nice thing is you can write off your expenses on a rental property such as mortgage interest , property taxes , HOA dues, and improvements or repairs . I don't know of any other investment that will allow you to write off your expenses . You can then pay off your 30 year mortgage or even a 15 year Mortgage with other peoples money ( the rent ) and have an instant retirement plan . Add this to an existing 401 k, pension, or social security ( if there is any left , when some of us retire ) and you have another source of retirement income. A paid off house is also something you can leave to you kids or loved ones, or sell off at a profit if you need the money.
So as you can see, owning a home or buying a home as an investment is one of the smartest things you can do to to ensure your financial future . So find a way to buy a home or investment property . There is no wonder why owning a home is referred to as " the American dream "
Please contact me if you would like to talk about buying a home in Las Vegas, North Las Vegas, or Henderson, NV