Now is the time to buy HOMES!!!! This is the time to invest in real estate. There are great deals available and the return on investment is 8% or higher annually, not even including tax write offs.
There are many people who need to rent and want to rent so buy, buy, buy!
Example - Buyer a home for $250,000 in North La Quinta, California ( number are approximations)
Downpayment $100,000
Loan $150,000
Payment $800 month
Taxes $300
Miscellaneous $200
Total costs per month $1300
Rent $2000 per month
Positive cash flow $700 per month or $8400 per year.
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