Don’t Pat Yourself on the Back Just Yet


You’ve got $500,000 in liquid assets for your retirement and you’re still 15 years away. All your bills are paid; you have a small mortgage on your home; cars are paid

for and great credit. Don’t break your arm patting yourself on the back yet.31001231_s.jpg

People think more about what they’re going to do when they retire than whether they’ll have the funds to do them. Ask anyone who has retired, it takes more money than you thought it did. Let’s look at a hypothetical situation.

To retire with $125,000 income in today’s dollars with a life expectancy of 25 years after retirement, you’ll need to have a net worth of $1.5 million at retirement including what Social Security may provide. Your $500,000 will grow to $1,045,420 in 15 years which will leave you about a half million short. You’ll need to save $24,149 each year for the next 15 years to reach your goal.

 

Retirement Projection3.png

Is this surprising? Did you imagine that this example would be that far from its goal? It might seem staggering to save $24,000 each year but there is another way…investing in rentals.

Real estate over the long term has proven to be a solid, predictable investment.  Cash flows, appreciation, equity buildup and tax advantages are the components that contribute to the rate of return. Increasing rents, available financing and solid appreciation make rentals particularly attractive in today’s environment.

Call me at (972) 407-1337 to find out more about how rental homes can help you reach your retirement goals.

 

Advertisements

Financing Real Estate Investments for Dummies by Ralph R. Roberts


 

 

 

About the Author

Ralph R. Roberts is an internationally acclaimed real estate agent, speaker, investor, and consultant. Chip Cummings is a real estate lending expert, a Certified Mortgage Consultant with more than 25 years of experience, and a seasoned real estate investor. Roberts and Cummings coauthored Mortgage Myths: 77 Secrets That Will Save You Thousands on Home Financing.

Real Estate Investment for Dummies


 

 

Everything you need to confidently make real estate part of your investing plan

GaSandra Carlson of Envoy Mortgage talks about the FHA 203 K Loan


GaSandra Carlson of Envoy Mortgage talks about the FHA 203 K Loan. This is a Rehab loan that allows buyers to buy a home that needs some work and borrow enough money to Rehab the home. This loan can also be used a tool to refinance and rehab your home/. After you watch this video. If you have any questions please feel free to contact GaSandra at (503) 967-5099

 

 

 

GaSandra Carlson
Sales Manager
NMLS # 487425
(503) 967-5099 Office
(503) 351-1802 Cell
www.GaSandraCarlson.com

 

 

Property Tax Deferral for Seniors and People with Disabilities


 

What is a property tax deferral?

The Oregon Legislature established programs that allow qualifying citizens to delay paying property taxes on their residences – including manufactured homes, houseboats, multi-family, and income-producing properties.

If you qualify for one of the deferral programs, the state will pay your property taxes to the county. A lien will be placed on your property. You will be charged lien recording fees, which are deferred. Interest on the deferred taxes, at 6 percent per year, is also deferred.

How do I qualify for a deferral?

To get more detailed information about how to qualify for a property tax deferral through the Oregon Department of Revenue, visit: Property Tax Deferral for Disabled and Senior Citizens.

 

Disabled and senior citizens can “borrow” money from the state of Oregon to pay property taxes. 

 

Interview with Jake Planton of Rose City Mortgage


 

 

 

 

Jake Planton
Senior Loan Officer
Rose City Mortgage, NMLS 272695
503-475-3788

www.JakePlanton.com

NMLS #209327


http://www.rosecitymtg.com

 

 

 

Interview with Jeff Foody of Reverse Mortgages Northwest


Jeff Foody answers some important questions regarding Reverse Mortgages.   Reverse Mortgages is not for everyone, but for those that need its flexibilities it can be a life-changing opportunity.    It is important that people that seeks a Reverse Mortgage work with Loan Officers that understand the  loan product as much as Jeff Foody does and that will not be easy.    After watching this video if you still have questions please feel free to contact Jeff .  I am sure he will be able to answer your questions and help you learn if this loan product is good fo your situation or not.

 

 

 

Jeff Foody
Reverse Mortgage North West
503-427-1667
http://www.reversenorthwest.com