From Renter To Homeowner To Real Estate Investor

Becoming a renter is usually the first step to becoming a real estate investor. As a renter, you are establishing a habit of making a monthly payment in exchange for having a roof over your head. You are also paying the owner/landlord's mortgage and/or way of life. If you're paying your rent and other bills on-time and you are saving every month, your next move is into home ownership which is a reward for your "Good Habit."

As a homeowner, you have a vested interest in the property. If you did not pay cash for your home, you are making a monthly mortgage payment. Every month that you make a payment towards your mortgage, you are gaining equity in your home. In addition, your home should be appreciating annually. Hopefully you are keeping up with your "Good Habit" of paying now your mortgage and other bills on-time and you are still saving every month. If all is true, your next move is into real estate investing.

As a real estate investor, someone else is paying your mortgage and/or way of life. You may become a real estate investor by converting your first home into a rental property and you purchase another home. Maybe your real estate agent found you a "steal of a deal" that you purchased as a rental property, or maybe you purchased the property and re-sold it for a profit. As a real estate investor, your keep repeating the cycle of purchasing, renting and/or selling for a profit.

From Renter To Homeowner To Real Estate Investor...Where are you in this cycle? Give me a call @ 832-647-1769 to help you get to the next step.