Wednesday, May 6, 2009

Rental Houses




If you feel unsure about stocks and bonds and investing your money on wall street. A great alternative is to take advantage of the poor housing market and low rates and get yourself a rental house. I have a rental house that the tenants pay mortgage on every month and it is a blessing to have around tax season. Between that home and my current residence I was able to write off over $20,000 in interest payments. The best news is after 30 years you have a house that's paid for and a nice chunk of change to go towards your retirement. All you need for an investment loan is 10% down. There are plenty off opportunities for people to purchase small homes and condos for very low amounts. Its something you may want to put some thought into.

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