BIG LOG! This Soldonta log home has soaring ceilings and the open easy flowing kitchen, dining and living room floor plan. You will love the log stairs, the wood stove, deck off master. Did I mention the wonderful VIEW of mountains and Soldotna? This property is just minutes from the stoplight at Spenard`s on Funny River Road. You will have the opportunity to finish the rest of the basement to your taste. 768 sf detached shop on site. Kenai River real estate is prized for is location and fishing. This Soldotna property has it own private Kenai River access. A great example of Soldotna real estate with 3 bed, 2 bath and 3.872 sqft. Gas is at road. Buyer to verify all information.
A relatively small investment in a rental home can control a good home that will easily rent, generate positive cash flows and pay for itself. The borrowed funds create leverage that earn a return on the total value of the home and not just the amount of cash you have invested.
The strategy is simple. Find a slightly below average priced home that will rent well. It will appeal to a larger group of people while it’s rented and when it’s ready to be sold.
Rent the home and maintain its condition over the years. As the loan amortizes and the value increases, the equity will grow. When your student is ready to start college, you’ll actually have several options.
You can sell the property; pay the tax on the gain at the reduced capital gains rate and fund the education. Another option would be to refinance and take the proceeds to pay for the tuition. This would allow you to continue to own the asset but would free your equity and under current tax laws is a non-taxable event.
Regardless of whether you’re trying to plan for your children’s education or your own retirement, rental property offers many solid investment opportunities. Contact me if you want more information.
Single family Sterling home with large windows in living room and well maintained grounds. This Sterling real estate is located 1 1/2 miles from Dot`s Fish Camp and boat launch, also close to Bing`s Landing. You will love the open easy-living floor plan. The private mast
I know through facebook you receive all the inspirational quotes you can use, but this one really applies to the Kenai real estate market in the last few years. “EVEN FLYING IN HEADWINDS YOU CAN CONTINUE TO GAIN ALTITUDE.” -Joe Jackson, Head of WellsFargoVentures.
For most parts of the country the headwind has been more like a super-storm. Lucky it has been more of a stiff breeze for the Kenai real estate market. But no matter where you are, the markets are certainly gaining strength and altitude, so looking forward to a very productive 2013.
Take advantage of these incredible interest rates. Current rates for 12-10-2012:
FHA & VA 3%
ALASKA HOUSING RURAL 3.375% AHFC
Rates are subject to change.
This Sterling home will delight! Log cabin transformed into a 5* home with air exchange. Single Family in Sterling on 2.23 acres! Enjoy the privacy of this wooded landscaped site. Amazing living with cabin theme, one of a kind. Large country kitchen w/ custom maple cabinets, warm hardwood floors in living room. You will love the home’s private master, lower level family room and extra storage. Charming stone accents on the exterior with well maintained grounds. Exceptional cabin on skids will remain. The cabin can be storage or extra heated guest quarters.
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