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