Investment Homes - Investment Real Estate
Your Home may be your Best Investment! There are approximately 10,000 baby boomers retiring every day and they are the largest and wealthiest groups. In some cases, the reason that they are wealthy is due to their savings and paying as much as they could many years ago for the house that they now live in. Many of these people are selling the home that they have lived in for years and downsizing. They are taking their equity out of the home and using this to supplement their retirement. Why is this case? Have you ever seen the calculation of renting versus buying? I just recently did the analysis on one of our web sites and below is the outcome.
With your monthly payment of $2000 and a 30 Year Loan at 6%
you will have a loan of $333,583.23.
Instead we take your down payment and let it grow. We have tried to be very conservative with the analysis but, even at 2% inflation and a return of 5%; take the home valued at $676,694.31 after 30 years then subtract what the $40,000 over a 30 year period earns ($172,877.70) and you end up with an additional $503,816.61 in net worth and saved $108,196.70 in taxes. Not a bad savings! This is something that we all need to think about! Below is a calculator for our readers to be able to use their own amounts. Check it out "Buy Vs. Rent"
The Willis Journal is a real estate sales analysis journal for Myrtle Beach real estate. The Willis Team Professionals have created this information to help our viewers to better understand what is currently going on in the real estate market. You will see that we also have created an analysis for some communities within the Myrtle Beach, South Carolina and will soon be adding more real estate sales analysis.
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