Making money with real estate in Albuquerque? That’s right, even in a recession, there are many things you can do to tighten up your ability to create income right from home.
Rent a room or your home out when you are away on trips. You can build a Casita or room on extra land to rent (check local zoning, building and rental laws first).
Look into alternative forms of energy to cut utilities, or in many cities such as Albuquerque, store extra power to sell back to the utility company.
Pay your mortgage off in half the time. By simply making bi-weekly payments you can cut more than 5 years off your mortgage. Make one extra payment a year and cut even more time off your mortgage.
Refinance your mortgage and put your monthly savings into a retirement account.
Use your home to start a business. You may be able to claim deductions on your taxes while using your home to create wealth.
Contact: 505-980-7788
Jim Gross -- Keller Williams Realty, Albuquerque NM
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