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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.
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Which famous home designed by Thomas Jefferson showed forms of Greek and Roman architecture?
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| A |
Monticello, begun in 1769, was later enlarged in keeping with its classical forms. |
 See More Real Estate Trivia > |
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Wendy Thrane
Weichert Realtors
West Virginia licensed: Gina Chatham Broker
824 John Marshall Highway
Front Royal, VA 22630
540-683-1597
Fax: 540-635-1631
WendyThrane@NUMBER1EXPERT.com
Top 5% of Blue Ridge Board of Realtors
President's Award 2008, 2009
Licensed in West Virginia
Gina Chatham, Broker
663
Potomac Station Dr.
Leesburg, VA 20176
703-777-3977
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