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.
Jill Moylan, Owner of Home Advantage Realty, LLC Home Advantage Realty, LLC 2615 Devine Street Columbia SC 29205 Cell: 803-608-4663 803 771-2424 Fax: 803-771-2422 Email: JillRMoylan@gmail.com
Jill Moylan began Home Advantage Realty nearly two decades ago after
recognizing a need for more personalized and responsive service in the
Columbia, SC real estate industry. Since that time, she and her talented group of agents have provided high quality, professional service to hundreds of satisfied clients. With exceptional services for both buyers and sellers, we are dedicated to ensuring that we not only meet but exceed your expectations. Please call or e-mail us today if we can help you in any way. Our priority is understanding your
priorities. There's a better way to buy a home than spending hours in a car
and on the internet.
Check out our testimonials from many satisfied clients!
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Since 1991.
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Columbia, South Carolina
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