Looking At Investment Property As Retirement Income

Question: When you retire, will you have enough monthly income so that you can enjoy approximately the same quality of living that you are enjoying now?

 If not, are you concerned about this?

 If you currently have some EQUITY in the home that you are currently living in, I may be able to help you receive some extra monthly income, which could benefit you when you retire.

 

At the time that I am writing this post, there are eight properties FOR SALE in the Santa Clarita Valley which are priced under $200,000 (you can view them HERE ... this list will update automatically as other properties come up For Sale in Santa Clarita, under $200K).

 If you could pull $30,000 from your home equity, and put that down on a $200,000 condo, your loan amount would be $170,000. At today's current interest rate of approximately 4%, a 30 year mortgage note would cost you approximately $812.00 per month. Add on to that the HOA fees of anywhere from $175 - $300 per month, and your cost to own this condo would be approximately $987 - $1115 per month.

Now consider the fact that you could rent this condo out from approximately $1500 - $2000 per month, depending on the condition of the unit you own and depending on the neighborhood that the property is located in. This would mean a monthly profit to you, and of course, the more money you can put as a down-payment on the property, the larger the monthly profit you would receive.

If you look at owning a rental property for the long haul, you can see where this monthly income could help you as retirement income ... and the more properties you are able to own the more monthly income you will receive!

 Not many of us have retirement packages that will give us the same monthly income that we are experiencing while we are working, and so it is my desire to help you figure out a way to gain some extra monthly income for those fast approaching retirement years.

Of course there are issues that can arise for landlords, but when looking at what banks have been offering in the way of 'interest' on our hard earned money for the past few years, and when hearing about people's losses in the stock markets, I am still of the belief that real estate can be a good investment.

Call me today to find out what rents are being paid in the different areas in Santa Clarita and to view any properties you think you might like to purchase as an investment and remember to ask me to put you in touch with a great lender and/or a great tax accountant that I work with. Both of these guys are experts in helping people understand the benefits of rental properties for retirement years, the write-offs that you can have when you become a landlord, and my lender will be able to see if you can actually qualify for another property.

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And remember ... 

when you are ready to sell your home

 contact me first to see what your home could sell for.

With the many 'hits' that my real estate sites receive, 

and by pricing your home correctly for today's market, 

your home is sure to sell quickly! 

LeeAnn Bell ~ 661-309-2364 

LeeAnnRealtor@yahoo.com

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SantaClaritaHomesForSale.blogspot.com

is updated daily to show everything that is currently
FOR SALE
in Santa Clarita and is brought to you exclusively by:

 LeeAnn Bell, REALTOR®
661-309-2364
LeeAnnRealtor@yahoo.com

CalBRE# 01260650 

Call me for a complete list of the most recent SOLDS 

in this area or for any other area in the Santa Clarita Valley.

Below is what a client had to say about working with me:  

"It was certainly a pleasure for us to work with you. Your sensitivity to our needs was always appreciated. We feel very fortunate to have had you representing us. Your ... kindness, constant availability and willingness to go beyond the extra mile was what we liked best about working with you." - Carlos & Beth G. 

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