Build Your Wealth

Build Your Wealth

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There are so many investment strategies out there.  Almost too many to count.  But one that is right in front of you, that you see every day, is your home.  Are you investing in your future by owning a home? Or are you helping someone else create their wealth by paying their mortgage?  Home ownership is just another way to invest your money, and one that, just like other capital investments, goes up over time.  Yes, there are market down turns.  But there are also market downturns in the stock and bond industry.  The problem is, stocks and bonds are harder to predict.  Housing markets are easier to follow.  And, let's face it, you have to live somewhere.  You are paying a mortgage if you own or you rent.  If you rent, you are just paying someone else's mortgage for them.  Instead of taking advantage of the investment in your future, you are putting your money in someone else's bank account.  Also, you are potentially losing a tax deduction for the interest paid on the mortgage that you pay, and so you are also paying more in taxes.  And did you know that owning a house is the fastest way to increase your credit score?  You are making a fairly sizable payment, and have a large value asset to back it up.  You are showing stability.  Those are things that make you more credit worthy, and lenders for other types of loans are going to be more willing to lend you money.  That is not to say that you should start stacking up debt, but the increase in your wealth is a great way to start building other assets to help you for the future.  I used real estate to put two kids through college with no student debt!!  The following link will take you to an interesting article about the wealth building properties of  being a home owner!!

Here is the link:  https://goo.gl/4tlJHf


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Phone: 972-836-9295
Dated: May 15th 2017
Views: 254
About JP: JP Piccinini is CEO and Founder of JP and Associates REALTORS (JPAR), Founder and CEO ofOdasi Real E...

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JP and Associates REALTORS
7000 N. Mopac Expy Ste 190
Austin, TX
512-213-0377
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