4 Principles to Owning a Home The Smart Way

Commercial Real Estate Agent with Intero Silicon Valley and Rebekah - Two Names You Can Trust!

The last few years have shown us all the DUMB ways to own a house:

1) with payments that are only affordable for 12, 24 or 60 months.

2) expecting to ride the wave up and jump off just at the top

3) on an adjustable mortgage, never knowing what next month’s payment will be.

I remember feeling as if I was less than a stellar agent when other folks around me were selling and I wasn’t. Turns out that they were selling a different dream than I. Turns out that they were selling the “you can have the house of your dreams” dream while I was selling the “get rich slow, sleep well at night and live a happy life” dream.

Was it really worth it?

So, if that’s the DUMB way, what’s the SMART way to own property? I think the smart way is by buying:

1) with a down payment and with fixed monthly payments that fit within your budget.

2) buy and hold

3) cash flow properties have to cash flow

Boring. I know. But owning real estate was never meant to be a spectator sport. If you want to do something exciting go sit next to my brother at a Raider’s game! What are your dreams today?

Posted by

Rebekah Owen, MBA

SanJose-RealEstate since 1988



CA 00994952. TX 0555675


Comments (2)

Kathy Denworth
Century 21 Schwartz Realty - Islamorada, FL
Realtor in the Florida Keys, Islamorada, Key Largo

When you loan money to people with stated income for 115% of the homes value, should you be surprised that they default on their loans? These are those borrowers that are in it for the spectator sport.

Mar 20, 2011 08:51 AM
Tamara Schuster
Naperville Glen Ellyn Lisle Plainfield Wheaton Illinois - Naperville, IL
Realtor Broker - Naperville

I LOVE IT! This is what I have been saying for years. Never agreed with how is was being done in the past.  So good for you to bring it to our attention in a simple way. Thanks

Mar 20, 2011 09:02 AM