Mortgage team breaks down path to real estate wealth
A few dollars a day can open the door to a million- dollar future, according to two local mortgage professionals helping first-time investors break into real estate.
“The headline is $36.53 a day makes you a millionaire,” said Kevin Roller, owner of the Roller Mortgage Team. “That’s what it takes to save $40,000 in two years and with $40,000, you can start this process.”
Roller told attendees that long-term rental property ownership is one of the most powerful and accessible wealth-building tools available to everyday people. By using a buy-and-hold strategy – purchasing homes and keeping them as rental properties over time – investors can benefit from appreciation, principal reduction, and tax deductions such as depreciation.
“There’s a triple benefit,” stated Roller. “You get cash flow, you get appreciation, and you get principal pay-down. But there’s also depreciation that a lot of people don’t know about, and that limits the amount of taxes you have to pay.”
Roller explained…