DON'T WASTE YOUR RENT MONEY PAYING YOUR
LANDLORD'S MORTGAGE
BUY RENTAL PROPERTY AND HAVE
YOUR TENANTS PAY YOUR MORTGAGE
YOU ONLY HAVE 3 CHOICES:
Continue to waste your rent money paying your landlord's mortgage payments,
Own an income property and have your tenants pay your mortgage payments, or
Own a home, condo, or townhouse and make mortgage payments.
Buy a home, condo, townhouse, or apartment buildings with no money down (or 2,3,or 4 houses·on one lot).
USE Tax Deductible Expenses to Save You 28% or More on Your Federal & State Income Tax.
There are many houses, condos, and 2 to 4 unit apartment buildings that you can buy with no money down.
Some of them have no closing costs. If you do not make enough income to qualify or if you have any credit
problems, you can have a friend or relative cosign.
The federal government allows you to deduct all loan interest payments and property taxes on your income tax.
Since these expenses are about 90% of your monthly payment by at least $250 per month. If you buyari
apartment building, the federal government allows you additional tax deductions which will further reduce
your effective monthly payments.
YOU CAN CLAIM YOUR TAX REFUND FOR THESE DEDUCTIONS ONE OF TWO WAYS:
1) File your taxes annually by April 15th and wait for the refund check.
2) Increase your dependents claimed with your employer so your take-home pay is more. You can legally
do this as long as you don't owe the government money at the end of the year.
The San Diego rental market has been getting better for several years. Seldom has the time been as good as now
to own rental property in the San Diego area. Especially in the affordable price range. Call for a current list of
rental property for sale in your area. Many of these can be purchased with no down. Cash allowance for
decorating, property improvements, and closing costs.$25,000.00 home improvemerit loans available.
REMEMBER ...
You have only 2 choices .... Rent or Own
In 30 years Renting ...
]) Your rent will be severa] times what it is now.
2) You will have no income tax deductions.
3) At any time, your landlord can ask you to move upon a 60 day notice under present law. No reason to
move
required. Usually, you will be paying more rent at a new location.
In 30 years Owning ...
]) Your home, condo, etc. will be paid off for - no monthly payments.
2) You will have $3,000 - $6,000 per year in tax savings (or $90,000 to $]80,000 over the life of the loan.)
3) While you own, the value of your home, condo, etc, will increase as you can sell at any time and make a
profit.
4) If you live in your home for 24 months or more, there are no taxes to pay on your profit. (up to $250,000/
single, $500,000 married .. '
5) You have no risk of being evicted. YOU ARE THE OWNER.
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