Boost Your Income Through Real Estate
I've been repeatedly posting articles here in my blog about investing in real estate and why I have personally chosen to invest in lots. A house or a lot is a fixed asset that could increase it's market value over the years. The more it stays longer, the more it add up to it's value. You may need to shed a huge capital at first or you may bring out some money from your pocket from time to time for the maintenance of the house but it's all worth it. I made use of my first house and lot to finance my second property by mortgaging it to a private individual without accruing an interest. Our condition includes allowing the mortgagee to occupy the house on the duration of the contract for free and that served as the interest for the amount loaned. This is much better than paying huge interest when you loan from banks. After saving enough money to pay for the loaned amount, I redeemed the house and rented it out. I used up the rental fees to develop the second property and the rest is history.
Now that I've stopped working, I am exerting all my efforts to build another house or a studio type room on my spare lot that I could rent out again to increase my monthly income derived through house rental. That way, I could live comfortably while staying at home with my family. For those who would like to invest in real estate properties but don't have enough money to purchase in cash, you may want to try getting one from real estate companies and pay in installment. There's a lot that you could choose from like sunnyislesmiamirealestate.com.
There's no perfect time to start than now. Invest while you are still young and capable of paying the monthly mortgage or saving up enough cash to pay the full price of the house. I am certain that you wouldn't regret the idea of having one. Until now, I still haven't changed my mind. Investing in real estate is still the best investment for me.