If you’re not already subscribing to Bloomberg Businessweek you’re missing out. The stories there are 3 weeks ahead of the news on TV. In the November 12th edition there was an article about housing. That I’ll post an excerpt from below.
David and Michelle Haisley of Fot Wayne, Ind., weren’t happy with the performance of their retirement funds, so they made another investment – a foreclosed home for $27,000. David and heating and air-conditioning technician, worked on the house before it went into default, then decided to make an offer when he saw it listed at about a third of the price of surrounding homes. The Haisleys found tenants for the house, who pay $900 a month, giving them an annual return of more than 20 percent. ….. “It’s an income stream for us, and when it’s time we’ll sell it and make more money than we could from our 401(k),” says David.
We all know the people that have 5 rental homes and are making passive income as they get older. The only difference between you and them is they took action. When inflation takes root, which it will, anyone holding fixed rate long term loans will be smiling all the way to the bank. Now is the time to purchase multiple investment properties, before costs go up, before rates go up, before the clock ticks to retirement age. Call us today. With 20-25% down you can cash flow from properties all around the Austin area on a 15 year note. Turing 45 today? By 60 you could have a home completely paid off, providing security for your future. $30,000 today turns into $160,000 in 15 years with zero appreciation. What are you waiting for? Call 1836 Realty and Property Management at 512.507.6300 today to add another Austin area investment property to your portfolio.