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Hello, and welcome back to the blog! Today, I want to answer a very common question we've been getting at Bart Vickrey & Co Real Estate.
We own a handful of rental properties, and our tenants often ask us, "When is a good time to buy?" I always tell them the simple truth: NOW! As soon as you can, you need to buy a home! It's pretty simple: you're either paying your own mortgage, or you're paying for mine! I don't mind if you want to pay mine, but I think you would be better off building equity for yourself, not for me!
I do appreciate all my tenants, but I want you to understand that the American Dream is homeownership. One of the main reasons is it's a form of wealth building. In a sense, it's an automatic savings account - you pay for your mortgage, part of that money goes to principal, and part of that principal pays down the debt. Once that debt is paid off, you have a very valuable asset on your hands!
If you think now is the time to become a homeowner, or would like real estate assistance of any kind, don't hesitate to give me a call or shoot me a quick email. We're the number one team in Northwest Indiana for a reason, and we would love to show you what we can do!
Thanks, and have a great day!
