Would it help if you got a 10% annual return, or more, on the money that is sitting in a CD or IRA? Well, in a certain segment of today's real estate market, with the proper due diligence, you should easily be able to do that.
As a result of the housing bust, we are looking at an entire generation of renters going forward.
Did You know?
The proportion of U.S. households that own homes is at its lowest point since 1998. When the housing bubble burst four years ago, 31.6% of households were renters. Now, its at 33.6% and rising. Since the housing downturn nearly 3 million households have become renters. At least 3 million more are expected by 2015, according to census data analyzed by Harvard's Joint Center for Housing Studies and The Associated Press.
All told, nearly 38 million households are RENTERS. And you can get a nice return, even before accounting for tax benefits and possible future appreciation, from providing housing for just a few of those renters.
College costs are going through the roof...but, how would you like to have someone else fund your childs college education? One strategy that I recommend to my clients is to buy one rental property for each child as close to when they are born as possible (or before). If you buy the right property you can have it paid off by the tenants in 18 years...there's your kids college fund...and more!
If you are not happy with your IRA returns or the CD rates...maybe it's time to look at a well-thought-out property purchase...we can even show you how to buy rental properties inside of your IRA.
Call my direct line at 561-602-1258
Thanks for reading,
Steve Jackson