The quickest and safest way to become a millionaire is through home ownership. The secret to becoming a multi-millionaire is by getting into debt. The reason is simple. It is called leverage. We can buy a primary residence of $500,000 with a $15,000 down payment. Real Estate in California traditionally appreciates around 6% to 7% per year. This is a great return on your investment. However, that is not the benefit. Consider that you have only invested the original 3% your return over ten years may rise to well over $250,000. This is a return of about 17 times the original down payment investment.
How do your investment into millions of dollars?
1- Buy a primary residence home
2- Rent it out after a period of time and use the rental income for a new loan.
3- Buy a primary residence.
4- Rent it out after a period of time and use the income from both properties to qualify for a new primary residence
5- Buy another property... Continue the process and you can achieve financial success and financial freedom in a relatively short time.
Give us a call to get started.
Please let us know if you are looking to sell or buy a home in the Santa Clarita Valley or South Orange County. Summit Real Estate Group has offices in Valencia, California and Aliso Viejo California.
Presented by Tony & Dani Lewis Summit Real Estate Group DRE # 01215778 Santa Clarita & L A County
Call/Text - 661-510-7975
Paul & Tracy Dinkel Summit Real Estate Group DRE # 01106993 Aliso Viejo & Orange County