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RENTING vs BUYING

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Jonathan Quintana, P.A.

Real estate is NOT one size fits all. The truth is...

Renting can be great short term (13 yrs) Renting allows you to familiarize yourself with various neighborhoods, trends, school zones, housing data & more.

Buying works better in the long term (typically after 57 yrs) to build equity over time. This happens as you make payments towards your principal and build equity through property values rising.

Also, try to make just one extra payment per year (towards principal) and you could save tens of thousands in interest and pay off your property much quicker!

What about Renting long term? There's plenty of people that have decided they'll rent forever because of the flexibility it offers.

Makes sense! However, you're leaving hundreds of thousands of dollars on the table UNLESS you're regularly investing the money you're "saving" monthly from renting vs buying.

Real Estate serves as a roof over your head AND an investment simultaneously. It's how the VAST MAJORITY of people have built their wealth over the years without having to do much else.

Of course, this isn't investment advice. It's just our opinion based on extensive data and experience. Hope this helps YOU

Have a specific question or scenario?

Look forward to helping you on your real estate journey!

Sincerely,
Jonny & Maria
Your Real Estate Duo

posted by soleros01