Inflation. Some have appropriately named it "the stealth tax".
It is a real thing in our current times. Inflation affects us in almost every area of our lives.
There is a smart way to protect our money if you are in a position to do so.
Real Estate Investment
Purchasing real estate is a great way to hold on to our money. It increases in value and can also be a source of income if you decide to turn your purchase into a rental property. If you choose to do this, make sure you have chosen a fixed-rate mortgage to guard against any more rising rates.
With rental income in the mind, know that locking in a 5% interest rate and having a property manager handle the details, will save you from growing interest rates and a lot of headaches that can come with taking care of your rental property on your own. Many times, the income you generate from the property will more than take care of the mortgage payments you owe on it.
If you have any questions about purchasing whether for your primary residence, vacation home, or rental investment, do not hesitate to contact us. We are always happy to help!
809 7th Street Anacortes, WA 98221
"Stealth Tax" (Private Air/ Luxury Homes)