12/19/2022
🚨Renter's Beware
Did you know:
❌️Rental payment may exceed monthly cost of mortgage
❌️No ownership or wealth creation
❌️Payments never stop when renting
❌️Rent WILL rise over time
❌️Must deal with a landlord or management company
❌️No tax benefits
❌️Rules, regulations, and limitations
❌️More temporary, less stability
❌️Always at the mercy of the property owner
Here's a kick in the teeth; When you own a home:
✅️You can build home equity and wealth
✅️Sizable tax deductions possible
✅️Your space, your rules (pets welcome)
✅️Ability to remodel, expand, tear down
✅️Pride of ownership (social status, accomplishment)
✅️Potentially better for children, family structure
✅️Mortgage can improve your credit history/score
✅️Ability to borrow against your home (HELOC or cash-out)
✅️No more monthly payments once mortgage paid off
✅️Fixed payments (if you choose a fixed mortgage)
✅️Mortgages are the cheapest loans available
✅️No landlord
✅️Can exclude capital gains when you sell (partially)
✅️Inflation hedge (houses become worth more as dollar loses value)
✅️Forced savings
✅️Leveraged investment
✅️Can rent out to others
✅️Can sell and use proceeds for bigger/better home
✅️Retirement nest egg
Renting was never meant to be a long term thing. Invest in yourself. Invest in your future.
For a FREE copy of my book showing you a step by step guide to owning your first home, simply sign up on my website at sellersmarket.kw.com!