If you’re like most of us, the start of a new year means a fresh start for you professionally and/or personally. It’s a time to step back and take stock of the lessons you’ve learned from the previous year and establish new short-term and long-term goals for the coming year and beyond.
Regardless of where you are in life, one of the most common goals is to prepare for retirement. Most of us participate in a 401(k) or some sort of stock investing, but perhaps 2017 is the year in which you expand your horizons by incorporating real estate investing into your overall retirement investment portfolio.
Why Invest in Real Estate
Unlike most investment opportunities, real estate investing offers both short-term and long-term opportunities; solid tax benefits, economic stability; and an avenue via which to create on-going supplemental income.
Even if you have no real estate experience at all, when you work with an investment group, you can garner their resources and expertise, allowing you to quickly and safely jump into the investment game. When you work with an investment group, you will enjoy the benefits of having a team that will investigate and manage flip and rental projects for you. This will allow you ample opportunities to focus more on learning more about the overall process as you grow both your short-term and long-term investment portfolio.
One of the greatest, and often overlooked, benefits provided through real estate investments are the tax advantages it can provide. You can grow your money, often tax-free, increase you tax deductions strategy, and even create write-off opportunities.
And don’t worry, if you’re a little late to the retirement savings game and are looking for a way to beef-up your retirement stash quickly, real estate investing is an amazing way to do just that — quickly build up your on-hand cash, or savings, through flipping houses, while also creating an on-going source of income through rental properties.
Through your rental yield (the percentage yield from your direct rental income), property appreciation, and a diversified portfolio consisting of properties from across the country, not just those located in your own backyard, you’ll create a strong, inflation-proof portfolio that will provide you with steady income for years to come.
Start Your Investment Journey
Ready to make 2017 the year you finally take control of your financial future and begin your real estate investment journey? The contact the Simply Do It team and let us guide you towards your successful financial future.