Retirement is something that everyone should prepare for. If you pay the maximum each year to Social Security, you can expect to receive about $30,000 per year. That would probably be enough for your basic expenses but not if you are faced with facing medical bills and other expenses.
If you are preparing for your retirement, Real Estate is one good investment that you can look into. Nowadays, it’s not enough to just rely on Social Security during your Golden Years. Rental Homes are one of the best kind of investments.
If you buy a Rental Home, you can enjoy things like income from the operation, depreciation in the form of tax shelter, equity buildup from the amortization of the loan, appreciation and leverage from the borrowed funds controlling a larger asset. If you buy a good rental, there is a big possibility that you tenant will be paying the mortgages for you. This means that an investor has the opportunity to meet their retirement and financial goals with an investment that is easily understood and controlled.
Investing in Real Estate can be tricky but if you are doing it the right way it can be very rewarding. It requires knowledge, skill, guts and intuition to be successful in investing in Real Estate. If you are considering Real Estate as an investment for your Retirement Years and don’t know where to start, give me a call today! I’ll be glad to help.