This real estate turmoil has created the best opportunities in decades for first time buyers who are looking not only to purchase their first piece of real estate but also want to start their real estate investment portfolio.

     I mean for example I'm seeing duplexes in my area for less than $280k that is a huge opportunity for first time buyers. These are usually a combination of a 2bedroom home with a smaller 1bedroom home on the same property. Now if a buyers mindset is properly set by the agent and or broker that he or she is working with they'll see that a purchase like this is one to jump on.

     Why is it such a great opportunity well let’s do the math.

1.    Total down payment required 3.5%=$9800

2.    Amount being financed $270,200

3.    Principle and interest payment at 5% interest $1450.49

4.    Estimated MI monthly payment $252.19

5.    Monthly hazard insurance aka home owners insurance estimated at $67.55

6.    Estimated monthly property tax bill $281.46

7.    Total monthly mortgage payment estimated $2051.69

8.    Rental income conservatively $800 but in my area can be as much as $1000 for a 1bedroom back house.

9.    Mortgage payment after rental income from high end of $1251.69 to as low as $1051.69

     Now no matter how you view the numbers that two bedroom house is less expensive to own then renting a two bedroom apartment or small house. The two bedroom homes and apartments in our area range from low end of $1300 to up to $1600. It is a no brainner. Now we used a FHA loan in the above calculation. Of course FHA allows borrowers to purchase anywhere from a 1 to 4 unit property as long as they’re going to live in it as their primary residence with only a 3.5% down payment.

     The other factor that we didn't include in this calculation is that there is a tax advantage to the home owner for owning this property. Also we used an estimated interest rate of 5% witch everyone knows is high for this current market. We also over estimated on all the other figures just to be sure no one thought we were using unrealistic numbers.

     So if you’re thinking about buying why aren't you looking and duplexes and or 3 to 4 unit properties? Are you not familiar with the advantages? Do you not think it is a smart decision? Or has your agent or loan officer not discussed how owning a duplex at today’s prices well have a huge effect in a positive way for you and your family’s financial future?

     Oh but wait we're not done,  I know it doesn't seem like it will ever happen but yes that property will appreciate with time let’s think 5 or 10 years down the road. Will you gain any appreciation benefits from the place your renting now, no?

     Maybe you say to yourself I don't want to be stuck in a 2bedroom home for the rest of my life and I sure want my own home with no one else on the property. Well look at the numbers if you bought this property save for 3years your tax return and the money you'll be saving on renting because owning is at least $100 to $600 cheaper using our calculation then you can buy a new home in 3 to 5 years and have the one you buy now not only pay for itself but also maybe even bring in positive cash flow to your family.

     It is a option that as a first time buyer you would regret not considering. If you'd like to know how purchasing residential income property will benefit your family please don't hesitate to contact us for a no cost no obligation initial consultation.

     We are a full service real estate and insurance brokerage that specializes in wealth accumulation and protection. We are not your traditional real estate agents. We look at everything and guide you through your financial goals not just regarding buying and selling real estate. We are a licensed CPR aka College Planning Relief Advisor as well as so much more. We guarantee our initial consultation is not a sales pitch but a meeting to see if we are a good fit to work together. We will make sure even if you decide that working with us isn't the best fit that you leave with information that will help your family save money.

Asset Management and Liquidation Solutions, Inc.

Department of Real Estate CA License

Guillermo Serafin

California department of insurance license number

Phone: 424-209-8297

Text me at 424-265-5992

Email: g@amlsonline.com

www.amlsonline.com

www.shortsalesdoneez.com

www.guillermoserafin.com

www.truecollegesolutions.com

www.flatfeefsbolistings.com

www.freerealestatebuyerhelp.com

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