You're Making Your Landlord Rich

Dated: 01/02/2019

Views: 17

While you’re fussing over your bills, did you realize you’re making your landlord rich? Rentals are the most lucrative business to get into. It turns ordinary people into multi-millionaires. The next time you’re afraid of committing to a mortgage, keep in mind that you’ve already committed to paying off the mortgage of someone else - every single month you rent. The only time home buying doesn’t make sense is if you’re still living with your parents rent-free. Or you prefer to live out of an R.V. or tent. But if you prefer to live in a home, or a condo, it always makes the most sense to buy.

Stop making your landlord rich and start building your own net worth. You can still enjoy owning a home - even if you don’t intend to stay in an area for long. You can always resell your home, most often for more money than you put in, or turn it into a lucrative side business by hiring a property management company to rent it out on your behalf. Whatever you decide, don’t be afraid of a mortgage commitment - you’re paying one regardless. Now ask yourself, do you want to make yourself money or make your landlord money?

Latest Blog Posts

Are All Real Estate Agents Also Realtors®?

If you’re entering the real estate market for the first time, you may find real estate professionals' various titles a little bit confusing. What is the difference between a licensed

Read More

How Can I Increase My Family’s Net Worth?

Every three years, the Federal Reserve conducts their Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016.The

Read More

All My Single Ladies!

In 2018 alone, 60% of women millennial buyers were single! Buying a home seems to come with the idea that it’s the step AFTER you get married and have a family - but that simply isn’t

Read More

MULTIGENERATIONAL FAMILIES AND HOMES

As Realtors in a greater metropolitan area, more and more frequently we find ourselves working with Buyers who are interested in properties that are considered to be “multigenerational”

Read More