Real Estate On Tap by Jason A. Kapit, Esq.

Attention Cash Buyers!

January 31st, 2012 by Adam Granger
Categories: Buyers, Mortgage Mix

A Potential Idea

Here in south Florida I have noticed an increase in the amount of homes that are being purchased with cash. Why? Great prices. Lack of investment options with significant ROI. But here’s a thought. With home prices as good as they have been in over a decade, why not buy two? The thought process being, buy the primary with financing and buy the investment property for cash. This way you get the tax benefit of having the interest deduction on the primary and the depreciation on the second home along with cash flow on the investment property. It is a win-win situation.

Expectations

I expect interest rates should remain low as the FED is working very hard to keep it this way. Therefore, property values should go up over time. What I am suggesting is to not miss the opportunity that is out there in a market that has been seriously hurt by foreclosures and short sales. Ad for those who cannot buy with cash, don’t miss out on a chance for record low interest rates and fabulous prices on homes. Talk to a realtor today to see what is available, and become a home owner.

Adam Granger is a Home Mortgage Consultant with HomeServices Lending, LLC., an Affiliate of Wells Fargo Home Mortgage. He is a frequent commentator at RealEstateOnTap and can be reached at 954-306-7218 or by emailing him here.

Tags: adam granger, ewm international, ewmrealtors, homeservices lending, jason kapit, Wells Fargo, wells fargo home mortgage

This entry was posted on Tuesday, January 31st, 2012 at 7:21 am and is filed under Buyers, Mortgage Mix. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Atchut said at February 3rd, 2012 at 4:31 am
This is an excellent idea for all . Even this will help to all real estate business men.Thanks for sharing this great idea.I must appreciate.

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