One of the wisest things you can do is plan ahead for you children’s college education. If you are between the age of 28 and 45and have children below the age of 10 than an investment property is better than GOLD. Why? Because with 10% down you can control a property worth between $100,000 and $200,000. In the current market place you can easily control and manage an investment property that gives you tax incentives (write offs each and every year), gives you monthly cash flow and your tenant pays off the mortgage. It’s really that simple. This means that if you were to purchase 5 – 10 properties you can control over a million dollars in assets . In other words, you are a millionaire in as few as fifteen years. I have done it, so I know you can do it.
Typical Transaction for an Investor.
“Investment Real Estate is the “Market of the Moment”
Recent Turn KEY Property Sold for Investment: House Near Tera Vista,
3816 JulianasWay, Round Rock TX. Purchased for $110,000 on 8/31/2010 needing no repairs. (No mortgage Insurance, no appraisal ).
Buyer paid $14,850 for down payment and closing costs.
The total Mortgage Payment at 5.375% is $554.37/month.
Including Taxes and Insurance the total payment is: $888.33/month.
We helped the landlord lease the property and a new tenant moved in on November 1st 2010.
(40 days to find tenant and 60 days total from sale to tenant move-in) for $1,150/month.
CASH FLOW = $261.67/Month!
Investment Real Estate is the “market of the moment” with record low prices, record low interest rates and record high rental rates!