Is your house an asset or a liability? Does it put money in your pocket or does it take money out? If you’re like most homeowners, you might view your home as your biggest asset, even though it takes cash and does not create cash.
As time goes on, your home’s value increases and your loan amount decreases as you pay your mortgage. Thus, an increase in equity. That’s how your house acts as an asset.
There is much more that your home can do for you. I have three great ideas to have your home start paying you, instead of the other way around. These are called, “home loopholes”. These tax loopholes have been established by the government, for the public to use. A tax loophole is actually a government incentive to promote public policy.
Follow these helpful rules, you will be able to put more money in your pocket and still be able to sleep at night.