There are all these stories out there of property values going up and ordinary folks’ IRAs doubling — and even tripling — because they had their money in real estate.
I like this second option. The right Real estate witness experts would be able to help you think through your best option for getting the money — cash from your Roth IRA or a standard mortgage. Cash will always give you the best return, of course. And so, it the investor’s business is sufficiently big, with a number of properties on his books, he’ll be able to help you match the money you have available with a property that can be bought for that amount.
Over the 5 years that you own this property, your tenant’s monthly rent payments are paying off the mortgage for you. At the end of year 5, you should owe approximately $92,300 on your mortgage; down from your $100,000 purchase price. This is an additional $7,700 in value for you! How does it feel to make money while you sleep?
Closing the home sale too would be done by the lawyer. All the security deposits and insurance papers would be looked into and reviewed by him, and he would ensure that all of these papers are in place. He would be there when the sale of the home is being closed on, and that’s why it is important to have him around, so that if any issues arise thereof, he would handle it with ease.
Another idea would be to use Google’s Keyword Tool and search for some relevant keywords that home buyers or sellers are searching with. You can then build an article around those topics and you’ll be confident that the information is truly needed out there.
There are differing opinions on whether a home should be staged to look perfect, or whether people like to walk into a home that is completely empty; which is better?
If you can find an agent who has a comprehensive website with a facility to make preliminary searches, that would be a great option too. Instead of searching for homes to buy, if you can spend time searching for a good buyer’s agent, you would probably get a much better deal at the end of the day.