Commercial real estate Vernon

With a down payment, a home of your own is possible for only $1000/month. As ridiculous as this sounds, you can earn returns over your monthly costs as a positive investment. This can include reduction on your mortgage and could generate monthly cash flow.

Here is a simple scenario.  You purchase a $200,000 townhome with $50,000 down, carrying a $150,000 mortgage. The tenant pays your mortgage and in fact you may have a positive cash flow every month. In ten years your property is worth $400,000. Your $50,000 has become $275,000  and your mortgage is declining. You can use the equity from this first investment property purchase to purchase a second investment property and carry on to more in the future.