The obvious answer would be 30 years ago. Thus a 30 year mortgage would now be paid off and you?d have a cash flowing investment free and clear.
So what if you were tied up a bid 30 years ago or maybe you were only 5 years old. Well the answer for you my friend is NOW.
The Wall Street Journal is predicting a 3.4% rise in home values in 2013. Standard and Poor?s is predicting 5%! We always recommend buying for income and not appreciation however 4% on a $200,000 home is $8,000 or 8 LARGE to those of you in the money business. If you?re holding out waiting for a better scenario it?s not going to happen. Now is the time to solidify your financial future. Put 20% ? 25% down as required by your lender. Get a 15 year mortgage with approx. a 4% interest rate on an assumable loan and laugh your way to closer to retirement each time you repeat this process.
For expert real estate advice and the best property management team in Austin Texas call us today. At 1836 Realty & Property Management investors are our foundation. We?re here to build relationships that last a lifetime. Call us today to get started down your road to retirement.
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