NELA Living Blog by Emilie Broughton

Is Real Estate a Part of Your Investment Plan?

 

Is Real Estate a Part of your Investment Plan?

According to the Wall Street Journal, many financial-planning professionals say that income-producing real estate is an essential part of a well-performing portfolio. 

But real estate is not the best investment for every retiree.  Single-family rentals, for example, require active management.  Who wants to be awakened in the middle of the night by a tenant with a leaky toilet?  This annoyance can be avoided by hiring a property manager, which many investors consider well worth it.

Here are some ways you can invest in Real Estate:

  • Add an Accessory Dwelling Unit (ADU)
  • Purchase a duplex; live in one unit and rent out the other
  • When you purchase a new home, do not sell the home you are leaving.  Instead, rent it out.
  • Purchase a vacation home with a plan to rent it out when your family is not using it.
  • Purchase an additional house to rent in a less-expensive market.

I have helped individuals in all of these situations, so if you want to discuss one or more of these options I’d be happy to help.  Contact me at

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