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How Home Ownership Saves Money
How Home Ownership Saves Money
***This post contains information pertaining to tax law and the US Tax code.  We are not CPAs and this is not tax advice, but merely information deemed accurate to the best of our knowledge based on tax codes as of the date of original publication - May 16, 2017 --- for tax info, always consult a tax professional***
     Many a millionaire will offer advice on becoming a millionaire, and many a millionaire's advice will start with "buy real estate".  At face value, that's a pretty basic phrase.  Anyone who "bought real estate" in 2005-2006 might disagree with that assessment, as the investment didn't pan out so well.  My advice for anyone considering buying a home and considering a home as anything aside from a place to rest their head, is to "buy real estate if...".
     If you are familiar with local markets, schools, economies, and are networked with contractors, real estate professionals, and you have a book of knowledge that will help you navigate the marketplace, then buy real estate.  Rental properties can help accumulate a ton of wealth through both direct rental income, and property appreciation.
     If you're buying something long term, to raise children, ... more

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