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Rent Trap Myths
Myth 1
Escaping the trap will get easier later.
Myth 2
Escaping the trap requires excellent credit.
Myth 3
Only the rich can afford to escape the rent trap.
Myth 4
Escaping the rent trap is easy.

Owning a home has nothing to do with how much money you make.

It has everything to do with how much money you can save. Let me give you some extreme examples of people who actually exist.

Prince - The guy dressed in purple that sings at the Rio
Rosario - 21 year old single female in Las Vegas
Gross Yearly Income = $49,700,000
Gross YearlyIncome = $31,000
Monthly Rent = $22,000
Monthly Mortgage = $900
And you thought you were paying too much on your rent!
Rosario built $20k in wealth (aka equity) in her first year.

You are probably in the same rent trap as Prince for the same reasons. The only difference is that his rent trap is bigger than yours.

 

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Jim Eagan - Agent - Las Vegas Realty LLC (702) 287-1092 jim@ifindproperties.com