As they say, it is never too early to start planning for your retirement. But guess what?!
You don’t actually have to choose!
Today, I am going to show you exactly how and why you need to start investing in real estate and leveraging those investments so that you can retire in style faster than you might think.
1. A Safe & Secure Road To Wealth
When it comes to building your retirement fund, the name of the game is to build long-term wealth. While the stock market might allow you to chase a short-term windfall, it also involves much more risk and restricts how much control you have over how your investment performs for you. Buy-and-hold properties, however, allow you to benefit in both the short and long-term thanks to tax benefits, cash flow, and appreciation.
2. A Place To Live
When the time comes for you to retire, you will quickly become aware of what it is like to live on a strict budget. That budget can seriously impede your ability to enjoy your favorite hobbies and passions in your golden years. However, if you invest in real estate early and pay a property off, you can move into said property without having to worry about rent or a mortgage payment. That will free up a large portion of your budget so that you can live a fuller retirement.
3. Cash Flow
Again, if you are like most people, retirement means saying goodbye to that steady income you’ve become accustomed to. The beauty of buy-and-hold properties is that they will supply you will monthly cash flow which you can use to support yourself in your retirement. I can’t stress enough how deep of an impact it will have on your peace of mind and your ability to make the most out of your retirement to have that additional income. Even if your investment properties only result in an extra $200 of cash flow for you each month, that is an extra $200 for meals out, spoiling the grandchildren, or saving for a vacation.
4. A Hedge Against Risks
The strongest retirement plans are diverse, meaning that you have variety in the types of investments that you select. Any financial advisor worth their salt will tell you that it is extremely risky to only invest in stocks and bonds or one type of property because it is the equivalent of putting all (or most) of your eggs in one basket. I love to remind everyone of people that fell victim in situations like Enron or the Bernard Madoff fall out. Those people lost everything they had saved for decades because they failed to protect themselves by diversifying their retirement funds. Every property that you invest in will give you more protection against a potential disaster.
Want To Use Real Estate To Build Your Retirement Fund?
You already have enough on your plate without trying to manage your retirement fund.
I would love to meet with you and show you how I can help you to diversify your retirement plan with strategic real estate investments. Once we agree on a strategy that makes the most sense for you, I’ll get to work to find you the best investment property, negotiate the best possible deal, and handle all of the heavy lifting to make it yours.
Get outside and look for great opportunities out there! Summer is hot, hot, hot, for real estate (And the weather).