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Investment Real Estate >Retirement and the Second Home
Buying a second home as rental property makes a great centerpiece to your retirement plan. It forces you to make regular savings in the form of mortgage payments that become your equity.
You only need cash for the down payment, and you should make sure that your monthly rental payments will cover the mortgage and any additional expenses. This is a real possibility if you buy the right house at the right price because a good single-family house should always stay rented. Your investment money is subject to less income tax, and the interest and property taxes may be deductible.
Housing has appreciated in value all over the country in recent years, making a second home an important hedge against inflation. Most experts predict that interest rates for fixed-rate and adjustable mortgages should remain in single digits for the foreseeable future, so it should be easy to acquire financing with a small down payment.
Call an agent with your real estate questions. They have helped hundreds of people to sell their homes and properties--and to purchase the home of their dreams.
Becky Brosh Edgewater Realty LLC PO Box 70 Granby, CO 80446 970-531-0704 Fax: 970-887-1338 beckybrosh@BestImageAgent.com
A deep appreciation for the privilege of living, working and playing in the majestic Rocky Mountains has made it possible for me to enjoy a career assisting buyers and sellers with their real estate needs in Grand County since 1997. It is a true pleasure to be a part of the process of a family securing their dream home, to work with investors taking advantage of the market, and to volunteer in the community. In addition to having served as President of both the Grand County Board of Realtors and the Grand County Builders Association, I have been named the 2009 Grand County Realtor of the Year.
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Becky Brosh
