Looking for a way to diversify your income? Think real estate for retirement.
I am a big believer that everyone should have a little real estate mixed in to their retirement. For most of my clients that means somewhere between 2-4 rental properties.
MY AVERAGE CLIENT PROFILE
2-4 rental properties
$75,000 – $150,000 per year in income
A couple things that stand out about the real estate investors that I work with. Many, many, many of them are from California. Most don’t start until they are in to their 40s. Part of that is because many people don’t move in to higher incomes and/or have sufficient savings for real estate investing until that point. Plus, let’s face it, you don’t (or, at least I didn’t) start thinking about retirement in your twenties and early thirties.
But to you twenty-somethings out there, why not build real estate in to your retirement with your first home? Buy a duplex, and rent half out. Or a smaller first home in a good neighborhood for renting? We can talk strategies for you on the whole thing if you give me a call.
Unless you are willing to own many, many properties and do your own full time property management you probably are not going to retire just by owning rental properties. But real estate is a very important asset to your retirement. Let’s meet. I’ll explain why. 913-568-1579.