PAUL WILSON WITH THE GREATER ALBUQUERQUE ASSOCIATION OF REALTORS SAYS ONE WAY YOU CAN USE YOUR HOME TO PAY INTO YOUR INCOME BY TURNING YOUR HOME INTO A RENTAL PROPERTY.
HE SAYS YOU CAN ALSO PAY INTO YOUR RETIREMENT IF YOU BUY ONE HOUSE A YEAR ON A 15 YEAR MORTGAGE FOR THE NEXT FIVE YEARS. HE SAYS YOU’LL HAVE FIVE, FULLY-PAID OFF HOMES AFTER FIVE YEARS WITH ALL THE TAX ADVANTAGES AND PRINCIPAL PAID DOWN … PROVIDING A PRETTY GOOD RETIREMENT PROGRAM.
WILSON SAYS YOU CAN ALSO BUY A HOME FOR YOUR CHILD’S COLLEGE EDUCATION. HE SAYS BUY THE HOME ON A 15 YEAR MORTGAGE ….AND IF YOU’VE PAID IT OFF AND IT’S GONE UP IN VALUE BY THE TIME YOUR CHILD IS 18, YOU CAN SELL IT AND PAY FOR COLLEGE.
