Are You Still Renting? By Leo Miller

Recently, I’ve begun the process of buy the apartment I’m living in. It just made financial sense and would help me to control the dynamic of my living situation that much more. Trying to control everything just expends to much energy. But making more of an effort to take control of your personal freedom to make decisions at will is what we should always strive for.

If I owned my apartment I’d be paying a mortgage yes, but I’d be making a considerably lower payment each month and would have the option to have people move into the apartment and pay me more in rent than what my mortgage is. It’s a calculated risk worth taking especially in this real estate market. The economic climate is prime right now to make smart moves; But thats only if you make yourself privy to the opportunities which pass in front of you on a daily basis.

I’m a 23 year old man myself, so I’ve hardly had any experience in purchasing anything of this magnitude. But instead of second guessing myself, I took the initiative to learn about what I needed to and search for the proper resource to help me along my path to ownership. I’ve learned, When ever you put positive energy into realizing a goal that means something to you, usually if what your doing makes sense, all kinds of tools and resources in various forms just happen to pop up to help you reach your goal. I live by this notion.

One of the resources that happened to pop up into my life came in the form of Leo Miller. Leo Miller is a successful real estate agent who has a very informative website and radio show which airs out here in sunny south Florida. I met Leo through my land lord who I’m attempting to buy my apartment from. You might say that its a coincidence that I met him, but I don’t believe there is such a thing personally. When you take action in a certain situation, “Coincidences”, if thats what you call them, usually happen because positive energy begets positive energy. There are plenty of people who never come across such resources though they may be trying hard. But its not about trying hard; Matter of fact its not even about “trying” to do anything. It’s simply about DOING things smart. There’s no room for “trying” when it comes to action . “Do or do not do.”

Leo and I began talking when he realize I was interested in buying my apartment at a young age, and actually had the wherewithal to actually do it. I asked him all kinds of questions about real estate pertaining to my specific situation which he answered with out any kind of “fat” on his responses; He just got straight to point every time, which is very rare these days.

While speaking a light bulb went off in both of our heads at practically the same time, and we wondering how many other people my age wondered about the very same things I was asking him about. I know most people my age aren’t thinking about buying any kind of real estate, but eventually they will. So why not  get a head start with some real world knowledge you can apply at any time in the future?

We bring to you a lot of information here at Flawless Hustle which may or may not change your life for the better. But please believe, we’re working behind the scenes to make a good portion of this site a place where hustlers(You) can come to keep their hustle(s) flawless. That can only be done by providing information that maybe your school and even parents may not be schooling you about.

Information such as this article by my good friend Leo Miller entitled,”Are You Still Renting?” First ask yourself that question, and then dive into this very informative piece. Questions and comments are always welcome.

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Are You Still Renting?  Why?

By Leo Miller

Unless you’re out of touch with reality like Joaquin Phoenix you’ve no doubt noticed that the real estate market has collapsed to a point no one would have suspected three years ago. Prices on average  are down 50% and in some cases 70% depending on the neighborhood. Don’t own anything? All this talk about foreclosure doesn’t come onto your personal radar? Think again. I notice people are hoping their financial lives get better. They’re looking to change something. You may be sitting on the biggest financial break of your life.

For those of you renting right now, how much are you paying? $1,000, $1,200 or higher per month? What if you could live where you’re living, own it and get all the financial benefits for a smaller payment per month? Interested?  Think about it. If you’re living in a two bedroom, two bath condo for $1,200 per month it would be cheaper to own it.

For real, think about it. The condo has a value of $50,000. A mortgage for that amount would be about $385 per month. Add condo fees and taxes which combined are another

$500 and you’re saving over a few hundred dollars a month and you own it!

The interest on that mortgage is tax deductible. You will be getting a few thousand dollars as a tax deduction, too.

I know, you don’t think you can get a mortgage. Look into it. You only need 3% down if your credit score is decent and you have a job. What’s 3%? That’s probably one month’s rent. Other benefits? Now you’re building equity, getting tax benefits and just proven to yourself you have taken the first big steps to building a strong financial future. Want to make it easier? President Obama and his administration approved an $8,000 first time buyer’s incentive. That’s right. The government will pay you up to $8,000 to buy a home, townhome or condo.

The opportunity is there. Do you want to build wealth or just keep collecting rent receipts? Don’t just talk about hope and change in your life. Take advantage of the market conditions. The choice is yours.

Leo Miller is a licensed real estate agent and host of Real Estate Solutions Radio. His website is www.GoAskLeo.com