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Beaverton Oregon Real Estate: How to Become RICH!!!


You are now all expecting something amazing, different and so totally impossible that you can’t possibly do it in your lifetime.

 Photo courtesy of dlnny

Nope, this is something that  most anyone can do. If you don’t already own a home, buy one today! If you already own a home you are already on your way to financial freedom and becoming rich.

The secret is to use the equity that you have built up in your present home and use it as a down payment on a duplex. This is where the amazing, different and totally impossible part comes that you were expecting earlier. (Not really)

You put $30,000 down using the equity in your present home on a duplex that costs only $215,000 you have an outstanding loan of $185,000 and charging $700 rent per side you are making $182 per month after paying the mortgage, taxes and insurance and you get the tax deduction on the interest on the mortgage. Between the mortgage reduction and tax breaks you will be earning up to 19% on your initial investment of $30,000. Now in less than a year if the property appreciates enough. you can now use the equity in you new investment to start the process all over again with another duplex. Within 5 years you could be earning over $1500 per month just from rental income and have no out of pocket expenses. Also you will have deductions on your work income on your taxes from any repairs and mortgage interest that you are paying. The tax deductions could be up to $25,000 per year. Think the government says we will give you up to $25,000 off your taxes if you are just willing to collect rent and put it in your checking account each month from people who normally can’t afford a home.

Respect Realty LLC (Expect More)

 

At Respect Realty, LLC our agents believe in 100% dedication to client satisfaction.  We specialize in property and land acquisition around the Portland Metro and Vancouver, WA area. We delight in working with first time home buyers and sellers to guide them from start to finish. Our doors are always open and we are always happy to assist you with your real estate questions.

 

Reach out today, we look forward to talking with you!

 

Todd Clark and Seraina Aguayo (Owners of Respect Realty)

Respect Realty LLC (Expect More)

(503)564-3130

info@RespectRealtyNW.com

www.RespectRealtyNW.com

 

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Comment balloon 0 commentsRespect Realty LLC • April 27 2007 10:32PM

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