Residential Real Estate, or your primary residence, is NO place to store cash! Your home is not a bank. Over time however, whether you have paid down on a mortgage, or simply seen appreciation in the value of your home, it may be time to take that latent value that is not earning you a rate of return and capitalize on it.
There are a variety of ways to do this. If you have been in your home for, say, seven years or longer, you may wish to consider moving. "Why would I want to do that?" you may ask.
Some reasons include:
- Avoiding a capital gain if the property has significantly appreciated
- Leveraging equity from the current property to diversify into other investments outside of real estate
- Move up in residence to leverage future wealth opportunity through larger asset appreciation
- Converting current residence into a real estate investment asset
- Acquisition of a "second" home
- Currently a great time to buy Real Estate
As a Certified Mortgage Planning Specialist, my interest is in creating, maximizing, and protecting personal wealth through the proper integration of the home mortgage investment into the overall financial goals and objectives to match with the client's life plan.
Real Estate can be one of the most powerful tools for wealth creation, however, the strategy much be handled professionally. There are many, many facets that are more involved than most people realize. Unfortunately, this often leads to missteps by the consumer that truly can have the consequence of costing hundreds of thousands of dollars in wealth opportunities.
If you are located in the Denver Metro Area, Douglas County, or Castle Rock, Colorado areas, you may wish to contact me to discuss options for your best interests. I specialize in wealth creation, enhancement, and protection for move-up and affluent home owners.
Greg Polashock is a Real Estate Home Mortgage Loan Consultant and Certified Mortgage Planning Specialist with Cherry Creek Mortgage and resides in Castle Rock, Colorado. He can be reached via email at Greg@GregIsFinancingSolutions.com, by phone at 303-887-0672 or on the web at http://www.gregisfinancingsolutions.com/.
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