“Let Your Tenant Help Pay the Mortgage”

“Let Your Tenant Help Pay the Mortgage”

 

 

 

 

 

Hey Joe,

 

My intention is to purchase another two family property next spring and move to that property. I will take care of the management of the property. On the house I currently own, I will redo the First floor and put it on the market, if I get what I feel is a good offer. I will sell it and take the money to purchase a larger property.

 

Rob

 

This client started out collecting $1000 per month rent for the second-floor apartment. In the last 5 years the rent has increased $100 per month per year.

 

The mortgage payment originally started out at $1350 per month and is now about $100 per month higher. For the last two years the tenant has been paying the entire mortgage payment.

 

The bonus is the property has increased in value nearly $50,000.  An outstanding investment for sure.

 

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 3 commentsJoe Petrowsky • September 11 2018 01:18PM

Comments

I love hearing success stories about investment properties - if done correctly, that strategy can be very beneficial.

Posted by Kat Palmiotti, The House Kat (Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com) 2 months ago

Good morning Joe. A success story for sure! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 2 months ago

Good morning, Joe Petrowsky that's an investment property that's doing the job as it should be done.... making money!

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) 2 months ago

Participate