Five Financial Benefits of Owning Residential Real Estate Investments MY TAKE
BY GLENN HAMBURGER SENIOR DIRECTOR, BANC OF CALIFORNIA
Alternative markets, but I feel it is important to also be aware of the power of investing in cash-flowing residential real estate in areas of the country which make sense. An important part of many people’s financial plan is the home they live in. The choice between buying a home and renting is among the biggest financial decisions that many adults make. But the costs of buying are more varied and complicated than for renting, making it hard to tell which is a better deal.
Owning a home is potentially the largest investment most people will make during their lifetime. Many purchase homes with the hope that the value will appreciate, and they will be able to build a sizable amount of equity, sell one day and live off the proceeds after investing in a 1 percent Certificate of Deposit (CD). Homeownership Tougher in High- Priced Markets While homeownership is great for some, there are segments of the population
For the last 25 years, I have been helping families and individuals identify goals, establish a plan and determine a clear vision of their financial future. While a financial plan is a future road map that is normally put into writing, it is also a guideline that is used to track results, and make adjustments when needed. Since this is an ongoing process, there are several areas which should be discussed. When it comes to Investments and cashflow, many financial planners will focus on the Equity, Bond or
JUNE 2018 | ATTOM DATA SOLUTIONS
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