Where are we and where are we going? That is a good question. With the stock market reaching peak performance you would think folks would be taking money out of their 401Ks to buy real estate. I would think the same. I would highly suggest that now would be the time to take this loan for yourself and make those investments. Rental markets are lacking ample supply and if you buy real estate, you can always make it into a rental.
Locally, here in Walton County Florida the market has a lot of cash buyers. These cash buyers are doing exactly what I am talking about. They are taking loans against their 401Ks or 401 Self Directed money and making investments in real estate. You pay your loan off monthly with interest being paid back to yourself. You in essence become your own banker.
Thinking of living here at the beach? Then just do it. There is never a better time. Listings only last 100 days on the market right now. The median price is $334,000 in our area and only going up. Florida is a hot market to own in with the baby boomers moving south for warmer temperatures.
I look forward to guiding you through a successful transaction from start to finish.
Your Wealth Manger in Real Estate,
Kelly Klein, Agent/Broker
Berkshire Hathaway HomeServices|Pen Fed Realty