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Please view my most recent newsletter here: May 2009.

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Real Estate Tips
Investment Real Estate >Retirement and the Second Home

Buying a second home as rental property makes a great centerpiece to your retirement plan. It forces you to make regular savings in the form of mortgage payments that become your equity.

You only need cash for the down payment, and you should make sure that your monthly rental payments will cover the mortgage and any additional expenses. This is a real possibility if you buy the right house at the right price because a good single-family house should always stay rented. Your investment money is subject to less income tax, and the interest and property taxes may be deductible.

Housing has appreciated in value all over the country in recent years, making a second home an important hedge against inflation. Most experts predict that interest rates for fixed-rate and adjustable mortgages should remain in single digits for the foreseeable future, so it should be easy to acquire financing with a small down payment.

Call an agent with your real estate questions. They have helped hundreds of people to sell their homes and properties--and to purchase the home of their dreams.

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Real Estate Trivia
Q 
What is considered the primary factor distinguishing buyers of prestigious properties from the average home buyer?

A 
Financing doesn't worry these buyers; they often put down 40 percent or more or pay cash for a property
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Clayton and Associates, REALTOR®, real estate agent and broker for Salt Lake City, Sandy and Holladay, Utah home listings, property and land for sale - NUMBER1EXPERT(tm)

Clayton and Associates
Clayton and Associates

7370 South Creek Rd., Suite 201
Sandy, UT 84093
801-676-0375
Fax: 801-676-0366
KandyClayton@NUMBER1EXPERT.com


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