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Why Property Management Services Can Improve Your Bottom Line

Filed under: Uncategorized — emitaliablog
Posted on June 2, 2010 @ 1:56 pm
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It’s possible for just about anyone, even military families, to become investors. Yes, even on a soldier’s salary. Civilians and anyone in the military can become rental property owners using one of several little-known methods to utilize their Basic Allowance for Housing and other tools to (1) become homeowners, and (b), use their move to a new home as an opportunity to make an investment in their retirement.

It’s possible to use your military housing allowance to qualify for a VA Loan. What’s more, your allowance can make your payments for you each month. Your loan can even be designed to be paid 100% each month by your BAH. The rates vary with your military salary and where you’re stationed. It will also vary based on if you have dependents or not. For example, an E-08 in California with dependents is going to receive more housing allowance than an E-02 in New Mexico with no dependents.

The stragegy is to use your Military Housing Allowance in your loan qualification calculations to apply for a VA loan or conventional loan. If you can afford to supplement your housing budget with more than the military provides, you can qualify for more of a loan, but in today’s real estate market, it is usually possible for most buyers to buy a respectable home with only your Basic Allowance for Housing to make your payments.

Did you get a transfer to another job out of the area? Use the move as an excuse to turn your home into income property rather than sell it.

In many cases, and with experienced help creating a blueprint to receive investment income by owning Colorado Springs rentals, you might be able to keep your current house and turn it into a rental for investment income. With the right property management agent helping you, you can leave the hard work to them and just start building a retirement nest egg over the years.

A suitably experienced Colorado Springs property management company will actually make you money. How|Wondering how that could be}? Here’s the key – real estate management companies only stay in business when they provide reliable service. If they don’t keep maintenance costs down and run a tight ship by providing strong renter screening services, they will lose clients.

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