Hi I'm BERYL GOSNEY of Connect Realty Inc and as a leading agent on Internet, I pride myself in helping folks build a path to earning financial freedom through home ownership.

But, without going any further, if you prefer to look for properties to rent, here is a valuable website to review:

                      www.RENT.com

  

      

Since you are thinking about RENTING INSTEAD OF BUYING, please take a moment to talk to anyone you know who owns their own home...I mean ANYONE! Ask them, why don't they rent instead...?

Here's something to think about right off the top...

Money Up Front To Rent!  When you rent, you usually have to pay first and last months rent right up front! You pay a security deposit, a damage deposit, and you will told if you can or cannot have pets! If you do, expect to make a pet deposit also.

How much does all this cost???? $2,000, $3000, perhaps even more?

When you purchase your own home, depending on your credit rating, you pay NOTHING UP FRONT and you don't have someone telling you, what you can or cannot do with your pets! And there's a lot more...

You don't have to take my word for it on anything I am about to share with you... but I am telling you, people from all walks of life, are enjoying the benefits of home ownership because they finally saw the light or someone lead them down the path to making the decision.

What I am about to share with you, may not seem believable, but any lender will validate this for you. And so will most anyone you know, who owns a home today....

There isn't a thing we can do about the past, but by gosh, if you take my recommendations to heart, all that rent money that you've paid out won't ever have to be lost and literally thrown away again.

Owning Can Be Cheaper Than Rent!  There's absolutely no reason why you should rent when the interest rates are what they are. Owning can actually be cheaper than renting when you factor in all the things that contribute to a renters loss of money!

Let's look at the hard COLD blayant facts...

For the sake of example and the simplicity of doing the math, lets just take a home that is valued at $200,000 --- it would rent for lets say $1400 a month and the money out of your pocket for the loan on it (should you own it) would be even less.

Lets call this example A. You rent the home at $1400 a month. In establishing the rent, the landlord has covered their mortgage payment, has pro-rated their annual taxes and the cost of insurance coverage on the property.

You're Paying the Landlords Cost of Ownership!  The entire time you and those living there before you, month after month, pay the monthly mortgage payment for someone else, the landlord mind you, and not derive a single red cent in monetary return. All you get is the right occupy the property for the next 29-31 days.

The landlord, in January of the following year, will be filing their tax return like you and I. They will be able to take that portion of the mortgage payment that went to mortgage interest and deduct it from their gross income on their tax return. That reduction enables them to get back substantially more in their tax refund.

Besides the mortgage interest, the taxes you paid within the rent, is also being used as a tax deduction for the landlord.

If that weren't enough, each month a rent payment is made, it lowers the mortgage balance of the landlords loan, while at the same time, the value of the home continues to rise in price (in a normal economy).  

In a down market, we know that values depreciate --- but all that is depreciating is the huge over abundance of equity that was built up in a 2-3 year period.  Those who lost money are those who bought high, and owe more than the property is worth as the market adjusted.

But, the reverse is also true in the down market --- homes can be purchased at a significant price reduction, using loans at historical interest rates!

So there's the mechanics of how a landlord benefits. Heck, you may be renting yourself and already own another property somewhere else, and already know these facts.

If that is so, then I have no understanding as to why anyone would be a landlord themselves, yet, continue to rent..

But that's OK, we all make choices and live with our decisions. I don't know about you, but I dont think you'll find anyone who understands the facts, who would be willing to throw away money at the rate it would be lost!

So now, let's take a look at Example B.

This same person decided to OWN that $200,000 home themselves and say to heck with the landlord -- I'm never going to rent again!

What are the benefits? They'd be the very same benefits we just mentioned the landlord had.

So lets put it in dollars and cents OK!

Homeowners get money back to apply to their mortgage payments!  You are making a $1400 mortgage payment each month; that's $16,800 a year. Out of those payments, you're accumulating about $12,600 in interest that very first year. Your taxes would be estimated to be about $2400.

So when you claim those two items on your tax return, as a homeowner, depending on your tax rate, let's say its 18%, you would be getting back about $2700 more in your tax refund check than you would have the year before. You are getting this additional refund just because of the deductions for home ownership.

That $2700 tax refund is equivalent to $225 a month. Here is where we can prove that owning is LESS THAN RENT.

Remember we said that the rent payment was $1400 a month and the mortgage was also $1400?

Well, that second year, with the $2700 home ownership tax refund, you can use it to help make a portion of your mortgage payment each month of the coming year. Now, only $1175 would come out of your pocket each month (instead of $1400) and the $225 that came back in the tax refund can be used to pay the total $1400 monthly mortgage payment obligation.

Now let me ask you this. Had you been renting, what are the chances of your rent payments going up this next year, or the year after that, and so on?

Rents Rise while Mortgage Payments Reduce Amount Owed! So next year, if you decided to rent, your rent payment might go up to $1450, $1500 and it wont be long until your rent is up to $1600, right?

As a homeowner however, your mortgage payment would continue to be $1400 and yet, only $1175 would have to come of our your pocket (you'd use the tax refund for the next 12 months to make up the difference of $225).

WOW, we've done the math....are you with me on this?

But that's not all...YES for gosh sakes, there's more...much more..

Let's look down the road about 3-5 years. Had you rented, the rent would probably wpould have risen $50 a year, and by year five, the $1400 a month rent payment is not $1650.

In 3 years, you would have PAID OUT approximately $50,400 to the landlord and that is money you'll never see. In 5 years, that figure would be about $88,800 just on rent alone. The landlord appreciates that, wouldn't you.

What would your out of pocket payment be each month had you owned?

That's right, $1175 on a $1400 mortgage payment. SAVINGS is what? That's right $225 a month.

In 3 years, your mortgage payments would be $50,000 total and each month your principal debt owed would be dropping.

Do you see where we are going with this?

$15,000 in Tax Rebate!  If you take the $2700 tax rebate for 5 years that you get back, and add the appreciation the home made in that same time. and finally add it together, you are living in the house for less than rent!

A total rebate would amount to approximately $13,500-$15,000 for the 5 year period.

Need we say more...?

You know, I must apologize if it seemed like I am running the point into the ground.

But I know of no other way to get this message across.

I think its important that we spell out the details for the benefits of those who are riding the fence with the decision of what to do. Do I rent or do I own?

Hopefully this explanation will help you to make a smart, informed decision!

If after all this lengthy explanation, you still decide to rent, would you do me one favor?

Please, would you share this information with as many other people as you can, who you know are renting also.

Once they read this, I am confident, they will literally thank you for opening their eyes later. And you'll get all the credit for it.

As my motto has always said, my job is to create opportunities for people so they can build a path to financial freedom through home ownership.

So let me ask you this. Are you ready to go house hunting soon?

With today's interest rates and zero down programs, perhaps we can get you into a home with no money out of pocket.

Perhaps we can get the seller to pay your closing costs for you. Then all you do is MOVE IN!

WOW, can you believe it...ONLY IN AMERICA!

With that, let me thank you for having the patience to read through this document.

Don't hesitate to call me anytime. I would be happy to go through this and other money saving concepts without any obligation at all.

Call me at (425)-344-2222 or visit one of my award winning website:

    www.ConnectRealty-PugetSound.com

At this site you can see over 2+ million properties online and these properties are updated daily.

In the meantime, this is BERYL GOSNEY of Connect Realty Inc.
Thank you sincerely for your time.

GOD Bless you and your family!

BERYL GOSNEY
a Leading Agent on Internet
Email: berylgosney@aol.com