Build Wealth With Your Home
Mortgage Is Not A Dirty Work With Rental Property
Turn your home from an expensive liability into an income-producing asset:leverage it to buy rental property. This kind of mortgage can bring a significant return on your investment (ROI). Your home is your castle, but it can also produce cash flow and build equity that accelerates your wealth. Your goal is to make money, and your house is actually a bad investment. It’s creating a lot of expenses with no revenue. But it has also been appreciating in value since you bought it. Borrow against that equity; use it to buy rental property. This investment is well worth it. That second mortgage can increase your ROI through positive cash flow from rental income; numerous tax deductions to offset your expenses; and ownership of an appreciating asset. Your FORTAX Financial Advisor can help you estimate the ROI on a potential property. An example: you bought your home for $400,000 and have paid $150,000 off the mortgage. Its value has also shot up $200,000. You now have available equity of $350,000. Leverage this; turn it into a second mortgage. Do more than just own your home. Use this valuable asset to create more wealth for your future.