Happy New Year from FindMyHomeDenver! One of our goals for the New Year is to introduce our agents to you, who are eager to share their Denver real estate insights and advice with you. First up is Belinda Lovins.

Two Ways to Make Money!

It is a proven fact that there are two ways to produce an income:

*1 You Work
*2 Your Money Works

Most people are so busy working right now that they often forget to put their money to work! My husband and I work very hard, but we are lucky that our home has also paid off for us. We were able to earn $40,000 in equity over a five- year period, purchasing it in 1991 for $70,000. By 1996, our home was worth $110,000.

Like it or not, you have to pay rent or a mortgage payment as part of your monthly living expenses. So, the first way to put your money to work is to exchange your monthly rental payment for a monthly mortgage payment. The main reason for this is that ninety-five percent of a mortgage payment is tax deductible, including all of the interest paid on the loan, along with the real property taxes.

I recently conducted a home value study over a 30 year span. I chose the matchless Model, which PERL-Mack built in Northglenn back in 1963. This wonderful starter home originally sold for $15,000, but in 1993, the home sold for $75,000 – five times its original value. Does this mean that in 30 more years, the home will be worth $350,000?

Fast forward to today. The same home is worth $150,000, ten times its original value!

Why not invest your rent money into a home of your own, especially since interest rates are lower than ever and there are numerous programs available to assist with the down payment.

Call today so I can introduce you to affordable Denver homes!

Belinda Lovins ABR,CRS,GRI,MRE
303 450-5171
303 641-2689

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