pay option arm: Do you think your home is your greatest asset?
- 03/03/07 03:05 AM
Most people we speak to in the real estate biz think that their home is their most valuable asset. Unless they live in a multi-family that generates positive cash flow they are seriously mistaken. Put quite simply an asset puts money in your pocket. If your house is costing you on a monthly basis how is this viewed as an asset? In my eyes, and in the opinion of many accomplished investors, your home is your greatest liability. In order to truly become wealthy you need to have your assets generate enough passive income to surpass your monthly expenses. This is accomplished not only … (1 comments)
pay option arm: Turn the regular homeowner into an investor and double your business.
- 02/23/07 12:17 AM
I specialize in turning the average homeowner into an investor. Homeowners can easily become wealthy but seldom realize the potential they possess. The common goal of homeowners is to pay off their mortgage so they are not in debt come retirement. By doing so all of their money goes to their housing and living expenses and little is left over to save. When they don't have enough money to put in the bank every month and the unexpected arises they are forced to refinance their homes and start their 30 year term over. The average homeowner refinances their home every 3 to … (1 comments)
Most people we speak to in the real estate biz think that their home is their most valuable asset. Unless they live in a multi-family that generates positive cash flow they are seriously mistaken. Put quite simply an asset puts money in your pocket. If your house is costing you on a monthly basis how is this viewed as an asset? In my eyes, and in the opinion of many accomplished investors, your home is your greatest liability. ;)
;)
