Have you ever wondered what it would be like to wake up in the morning with enough money coming in that you could do what you want that day?
Answer these 5 questions:
1. Do you own a home?
2. How long have you owned it?
3. Has it been a good investment for you?
4. What would your financial situation be like if you owned 10 houses?
5. What would your life be like if they were all free and clear?
Most of us consider our home to be a great investment but when we invest our money for the future we choose to watch our savings go up and down in the stock market or crawl upward in a savings account or certificate of deposit.
Peter Lynch, the great stock market guru and author of “Beating the Street” was once asked what he thought was the greatest investment. His answer: “a single family house.”
A Simple Investment.
Homes are one of the three basics of life: food, shelter, and clothing. Homes and condos are simple investments that most people understand because they already own them.
What if you purchased 10 houses 15 years ago and financed them for 15 years and you let renters pay your mortgage payments. The houses would be worth about twice as much as when you purchased them. Let’s say they’re now worth $200,000 each. That’s 2 million dollars in real estate! They would be free and clear and probably earning an income of about $14,000 per month in “Wake-Up Money”.
Well, you can’t go back 15 years and start buying houses but, you can start now. I have a few clients who are in the process of building their real estate portfolios. It’s not without risk but, the real estate market in this area has been very strong for a long time and the Nashville area is consistently listed among the top places where people want to live.
I have assembled a great team of professionals to assist you in every aspect of the buying process and this is a great time to buy. We are in the midst of a “buyer’s market” with lots of great homes available at reasonable prices and interest rates are still low. If you want to learn more, give me a call!