Agent

It pays to own rental real estate

Many enjoy great tax benefits, market-value appreciation

The real estate event of the summer
Connect with other top producing agents at Connect SF, Aug 7-11, 2017

On a recent flight from San Francisco to Chicago, I sat next to a talkative businesswoman. After we exchanged pleasantries and she learned I invest in and write about real estate, she asked, "What type of real estate should my husband and I invest in?" Rather than give a direct answer, I replied, "Well, do you have any realty investments now?" Just our townhouse, she replied. "Has that been a good investment?" I asked. Purchase Bob Bruss reports online. She said they bought it about four years ago and since then it has more than doubled in market value. I responded that was extraordinary, but it can happen for well-located homes. Then I asked her, "How much of a cash down payment did you make?" She replied, "Ten percent down. We got one of those PMI (private mortgage insurance) mortgages for 90 percent financing." Next, she launched into a rant about what a ripoff her $124 per month PMI premium is. After I politely explained how she could cancel the PMI with an on-time payment r...