Don't let anyone tell you it's cheaper than renting though.
People always forget the land taxes, and extras that renters
don't pay. Atleast I've got something to show for my money
though.
Rent until I can save enough money for the 100% down home-buying plan.
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We just purchased a new 2700 sq foot home with an in ground pool and spa. Its a lot of room for us but the house allows us to use it as a very large studio/office and nothing beats real estate investment wise!
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Don't let anyone tell you it's cheaper than renting though.
People always forget the land taxes, and extras that renters
don't pay. Atleast I've got something to show for my money
though.
you must have just bought then, because my house payments have always been lower than the local rent, except for maybe the first 6 months of my first home. Even then it was pretty close.
4% mortage - I just re financed my home to 70% of assessed value and dumped it into investment funds. the funds are 100% capital guarenteed in 10 years - no risk other the on the interest on the mortage.
nice to get a 4% loan to play the market with.....
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Originally posted by SleazyDream 4% mortage - I just re financed my home to 70% of assessed value and dumped it into investment funds. the funds are 100% capital guarenteed in 10 years - no risk other the on the interest on the mortage.
nice to get a 4% loan to play the market with.....
Same here - 4.25% so sweeeet.
Own, with the intention of acquiring more real estate aside from primary residence soon....
My home has been OWN3D by me since '95. I also own rental property, which I highly recommend getting into. If run correctly it is a great source of ongoing income.
Originally posted by CDSmith My home has been OWN3D by me since '95. I also own rental property, which I highly recommend getting into. If run correctly it is a great source of ongoing income.
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