Buying A House Free And Clear: Its Money In The Bank
Buying houses and property free and clear is like putting cash in your pocket and money in the bank
. Why? Its simple. A free and clear property doesnt have a mortgage so you dont have to come up with the money month after month to pay for the mortgage. That means more profits for you. And lets face it, in the real estate investment game its all about the bottom line. Give yourself a head start with a profitable bottom line by focusing on free and clear properties.When you buy a house with no mortgage, the money you collect from rent (if you decide to rent) can go anywhere you want that money to go. Thats the beauty of free and clear property. You dont have an existing mortgage to worry about and that means the money you make goes where you say it goes. For example: you get your monthly rent check. Some of the rent goes to you, some goes to seller, and maybe some goes for property improvements. Take the mortgage factor out of the equation are your options are wide open.
Plain and simple, mortgages stink. When you dont have to worry about paying the bank, you are putting money in your bank. Free and clear properties are one of the smartest investment moves you can make.
When you are out there looking for properties, youre going to do marketing to find the best deals. Youre already out there anyway, so why not advertise to people who own their homes free and clear. Makes sense, doesnt it? Why waste your precious marketing resources on probates, foreclosures, or people who are behind on their payments. Theres real money to be made with free and clear propertiesand those properties are out there just waiting to be found. By targeting the free and clear home owners, you will be able to use your resources wisely and put money in the bank quicker and faster than other investment methods.
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