Imagine turning your monthly expenses into a growing investment, something that could multiply your net worth exponentially.
Billionaire Andrew Carnegie famously said that 90% of millionaires got their wealth by investing in real estate.
Not a lot of people know this, but the average homeowner’s net worth is 40 times that of a renter.
Right now, if you’re renting, you’re paying someone else’s mortgage, essentially filling their pockets, but getting zero in return for your own financial future.
Enter home ownership. It’s not just a roof over your head; it’s equity in your pocket. In fact, on average, two-thirds of a person’s net worth comes from home equity!
Plus, home values continue to appreciate. Case-Shiller recently reported that national home prices saw an annual gain of 5.4% for June, hitting another all-time high!
Switching from renter to homeowner is simpler than you might think. It’s a strategic move towards securing your financial future.
Just ask Peter Hernandez of Teles Properties:
“Most millionaires I know made more money from owning real estate than any other investment. Real estate consistently increases in value over time and outperforms other investments.
Plus, it isn’t as vulnerable to short-term fluctuations as the stock market. You get a tangible, usable asset, whether you’re renting out an apartment or commercial building for income or buying a home. And there can also be tax benefits for investment properties.”
Do reach out to me for help, as it would be my pleasure to work with you to explore a personalized buy vs rent scenario tailored just for you.
The blog postings on this site represent the positions, strategies or opinions of the author and do not necessarily represent the positions, strategies or opinions of Guild Mortgage Company or its affiliates. Each loan is subject to underwriter final approval. All information, loan programs, interest rates, terms and conditions are subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deductions.
