The Value of Real Estate, Part 2: Homeownership

Today I wanted to share another way that real estate can make your life better.

Buying a home? Click here to perform a full home search
Selling your home? Click here for a FREE Home Price Evaluation 

Call me at 303-974-9471 for a FREE home buying or selling consultation to answer any of your real estate questions.

How does real estate make your life better? The obvious answer is that it allows you to stop paying rent—something that people the world over would love to be able to do—so that you can build equity and to establish a nest egg.

Think about it: No more landlords, no more rent hikes, no more waiting on someone else to make repairs, and no more worrying about whether or not your life is ever going to change.

When you buy a home, it’s yours. You get to explore and design the home to make it what you want it to be, no questions asked. The exception here is if you buy a home in an HOA (homeowners association) because they regulate what can or can’t be done to the outside of the home. But, for the most part, you have complete control over your home.

Owning a house can make your life better because it’s an extension of who you are and who you want to be.

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One thing that my wife and I have been pondering recently is whether our identity right now as homeowners is who we want to be—does our home resemble us? We’ve already done a lot to it already, but now we’re wondering, “What’s the next step to make our home embody who we are as a family?”

For example, maybe it’s more land. I would love to have our house back up to open space with a view of the mountains in the background. I’d love a fourth garage where I could park an RV or a boat someday. I’d also love to have more space for dogs—it’s a crazy idea, but I’d love to have 12 dogs and, with open land, we’d have the space to accommodate them.

Owning a house can make your life better because it’s an extension of who you are and who you want to be. Homeownership is a vehicle for self-expression.

If you’ve thought about owning your own home, or upgrading to another home, give me a call. We’d love to chat with you more about your dream and what your home needs to look and feel like for you.

How to Build Wealth Through Real Estate With the “Two-Year Live and Move” Method

Buying multiple properties may seem like an out-of-reach goal, but today I’d like to share how accruing several houses through the “Two-Year Live and Move” method can help you earn wealth through real estate.

Buying a home? Click here to perform a full home search
Selling your home? Click here for a FREE Home Price Evaluation 

Call me at 303-974-9471 for a FREE home buying or selling consultation to answer any of your real estate questions.

At the Anderson Group, the idea that your life can be made better through real estate is the foundation of our company.

There are a few different ways this philosophy can manifest. For one thing, homeownership in and of itself can massively improve your quality of life. But what about buying multiple houses? If buying one house is beneficial, is buying several even more so?

Owning a lot of property is, of course, a dream many people share. It boosts your net worth and can even open up opportunities for earning passive income. That said, not everyone has the funds to buy and own more than one home at a time. If you’re on a fixed income, purchasing multiple properties might not seem like an attainable goal.

With all of this in mind, I’d like to share a method that can put this aspiration back within reach: The “Two-Year Live and Move” option. Here’s how it works:

The more investment properties you accrue, the more passive income you gain over time.

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The first step is, of course, to buy a home. The next step is to live in the property for two years, building up equity as you do, and then to move on to your next home. Because your first home will likely have appreciated in the two years you lived there, you will be able to borrow from this equity to facilitate this move. Instead of needing to put 25% down, you’ll be able to buy your second home for just 3% or 5% down.

The catch is that, instead of selling your first home, you maintain ownership but turn it into a rental property. This passive income will allow you to continue paying off the property without dipping into your own personal funds.

The best part is that you can continue this process as many times as you want, accruing more and more investment properties (and, therefore, more and more passive income) over time.

If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.