Rates vs Equity Buying Now Will Build Your Legacy
By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Owning real estate is widely considered a powerful tool for building and preserving family wealth for several key reasons. 1. Building Equity: Principal Paydown: With each mortgage payment, you pay down the principal balance, increasing your ownership stake (equity) in the property. Historically, real estate has tended to appreciate over time due to factors such as economic growth, population increase, and inflation. Leverage: Real estate allows you to control a valuable asset with a relatively small down payment, allowing potential for significant returns as the property appreciates. 2. Generating Income: Rental Income: Owning rental properties can provide a steady stream of passive income, supplementing primary income and allowing for reinvestment or savings. Cash Flow: After coveri...
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