It's never too late to start a business and investing in real estate can be a great decision. Before diving in and building a business in real estate it’s good to know certain aspects of real estate investments, aspects that can be essential for its success such as how to get real estate financing. Investing in real estate is much easier than stock market investments. Research can be done easily, out on the street or even online. Technology comes in handy when investing in real estate because you can easily check out properties in another state or on the other side of the planet. There aren’t special requirements to become a real estate market player. The most important step is to begin somehow, because most of the times things roll over in time and a small investment can bring another one, and this one can link to another bigger investment and so on. This is how real estate businesses grow but the essential step you should make is to find real estate investment for your very first property and use leverage. A lack of leverage or real estate financing continues to hinder the majority of new investors in today's market simply because they are not aware of the different real estate financing avenues.
Archives for February 2018
My Rental Retirement Strategy
This article was inspired by a series of posts by fellow early retirement bloggers about how to live off your wealth during retirement. They called this a retirement draw-down or withdrawal strategy, which, by the way, could be very different than your strategy to build wealth. I touched on my withdrawal strategy in How to Retire Early & Confidently Using Real Estate, but I will go into more depth in this article.
For me, a good retirement withdrawal strategy has two primary goals:
- Pay for all your current living expenses
- Not run out of money in the future
It turns out that rental income and other real estate investing strategies work great to achieve these goals. And real estate can make a big difference whether it's a small or large portion of your overall portfolio.
So, in the rest of the article I'll share ideas on how to use rentals for a retirement withdrawal strategy.
