If you work for a company that offers a 401K plan or any retirement plan, that is great. I hope you are participating. In addition to being a realtor, I am a real estate investor. I use investment properties as part of my retirement plan. Think about it like this, you can purchase investment properties, rent these properties out, and eventually sell the properties to make a nice profit for your retirement. With your properties being rented, this means somebody else is paying your mortgage, taxes, insurance, and maintenance for you. In other words, your investment properties are paying for themselves, and you should be generating passive income at the same time. Don't forget about the tax advantages of owning investment properties.
The secret to this retirement plan is to start early. Just like the earlier you start contributing to your 401K the faster your money will accrue. The sooner you purchase your first investment property the sooner it will be paid off, and remember real estate is not only for sale, it is on sale at this time. This is a great retirement plan for a married couple or anyone looking to get that edge on their future through real estate.
Call today 832-647-1769.
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