Is It Smart To Buy A House Right Now In El Paso TX Army Will Be Paying For It With BAH 1165

Is It Smart To Buy A House Right Now In El Paso TX Army Will Be Paying For It With BAH 1165

If you are receiving a BAH of $1,165.00 a month and you rent a house or an apartment, in my opinion you are already loosing money.

If you stay for  3 years in El Paso Tx ,  the total amount you are loosing is $42,000.00 and  if you are five years you will loose $70,000.00.

If you invest in a property you have 2 option when you leave El Paso, TX.

1)  Sell the property if it has equity and you can make some money, or

2 ) Rent it from 2 to 5 yrs. for house get more equity. Approximate monthly payment in a $120,000 is about $900.00 at 4.5% interest rate on a 30 yr loan. Probably you will be able to rent it for more than $1,000.00 a month and instead of loosing money you will be making at least $100.00 more a month while the house is rented .

Remember buying  a house is the best investment you can do right now. Banks or Stocks are not paying you what you can make renting or selling a property.

Take advantage of BAH and invest it right now is the best time to do it.

Fernando Bustamante Headshot
Phone: 915-319-9004
Dated: July 4th 2013
Views: 2,825
About Fernando: ...

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