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The Accidental Real Estate Investor- A Great Place to Be!
 
Excellent post on how would-be sellers can keep their homes and have their carrying costs covered. 
 
Many people dream of becoming a real estate investor, but few actually do.  It is a big step with great rewards, but it is a leap for many people.  Twice this week I have had conversations with friends who find themselves in the position of being unintentional, if not accidentally, in the real estate investing business.
Sometimes this occurs because you bought a new house and did not need to sell your current house, sometimes you find yourself with some “found” money that presents the option to you, or perhaps you inherited a property.  Many times, the discussion comes up when people realize that they would like to convert a second or investment home to their primary residence when they retire.
Based upon their questions, here are a few things to consider if you find yourself at our near the point of being an investor.
Investment properties have tax advantages-  You can depreciate the property, write off expenses and lower your cost of ownership.  You can borrow against the value of your investment property for other purposes (conservatively of course). Investment properties have ... more

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