The Gale Team says you can grow your own wealth by using your home to buy an investment property that you’ll have a tenant pay off. You won’t have to use any of your savings, or any money out of your own pocket. You’ll use some of that equity on top of the Gale Team’s innovative mortgage solutions. They believe that you could buy your first investment property in just 30 days. So is it legit? What’s Inside? And how much does it cost? Scroll down for my full Gale Team review.
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Their idea is that you could use all the cash flow from the first investment property to pay off your current mortgage, put money in your kids college fund, or retire early. “Ultimately, this strategy will help you to feel financially secure,” says Greg Gale, a senior loan officer and team lead for Nova Home Loans. “And, in time, can become a backstop should anything occur that keeps you from earning an income. If any of those outcomes sound good, then pay close attention to what I’m about to say.”
“As a licensed mortgage broker,” Greg continues, “I specialize in teaching people how to leverage the equity they have in their home and use it to grow their wealth by owning residential investment property. And the good news I have about this strategy is that it is easy to implement and makes so much sense, you’re going to wonder why you didn’t do it sooner. Now, after many years of helping people hit their financial and wealth goals, it becomes apparent that most people need help.”
So you want to pay off your mortgage. You want to build a nest egg. You want to retire on a beach somewhere. Is that really all too much to ask? Here’s the greatest part. Banks believe in real estate. Always have and always will. They will loan you up to 80% of the current value of the home you’re looking to buy. Are you following? Sweet.
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So here’s what Greg says you should do. Use the equity built up in your current home and use it as a deposit on an investment property. For example, let’s say you have 120k in equity available. That’s enough cash to put 20% down on a 600k property. The bank will give you that remaining 480k since they believe in real estate so much. All that’s left now is for you to find a reliable tenant that will pay you on time and not trash the property. Just make sure you charge enough for you to cover the mortgage, interest, and property maintinence.
“So in essence you are using someone else’s money,” Greg explains. “And it’s costing you nothing to use it. And if we look at the rate at which home values have increased over the past 20 years, you’re looking at an average increase of 7% year over year. Even if you decided to sell the home after holding it for a year, and say the value only increased a modest 5%, you’d still make tens of thousands of dollars after paying back the bank in full. But what if you held it and let it appreciate for 10 years? You could make enough to pay off your current mortgage.”
Imagine what your life would look like if you had 3 or 5 of these properties right? The math get’s pretty freakin’ crazy. In just 10-15 years your net worth could be well north of $1,000,000. In fact, that’s the average result of most of the Gale Team’s clients. Schedule a 30 minute call with Greg’s team to find out more. I think he probably makes his money when you do the cash out refinance and take out a mortgage for the investment property.
