There are a lot of investment options available for us today. Stocks, bonds, mutual funds, gold, silver, annuities, etc can all be a part of a solid retirement plan.
Some people may claim that I am biased, and maybe that is so. However, I firmly believe that rental homes are an I.D.E.A.L. investment and should be included in every retirement plan. Over the next several post I will discuss why this is so and give you some ideas to help you with your real estate investment planning.
Keep in mind that there are no promised returns. I think the examples that I give are realistic but please consult with your own investment and tax advisers.
Search Cobb Homes priced from $95-105,000
Depreciation - tax advantages
If you have a mortgage on the home it will pay off over time. In our 15 year example you own the home free and clear in 15 years! The best part is related to number 1, income. Somebody else, namely the tenants, paid the mortgage for you! If you paid cash for the house you can just reinvest the rental income in to savings equity. Either way, you end up with a valuable asset that is still producing income.
This would be an appropriate time to mention that our real estate investments need to be regarded as very long term investments. My own opinion is that 15 years should be a minimum term that you look for length of ownership. That would be especially true if you are financing the property. Less so if you are paying cash but ultimately you want to end up with a debt free rental house that provides a nice monthly income.
If you missed it Here are the previous installments: Are Rental Homes an I.D.E.A.L. Investment? PT.2
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