Real Estate gives you the freedom and peace of mind when it comes to investing and retirement. You’re 401k is probably not compounding the way you thought it would or you want. You probably don’t you have enough time to learn about other investing practices like options (and the money to play with) so retirement is a scary thought. What do you have in the bank currently for retirement?
If you’re debt free and own a home to live in, a modest lifestyle currently will cost you $35,000 a year to live in Denver. If you retire at age 65 and live to 95, that’s $35,000 times 30 years. So, you’ll need $1,050,000 in the bank just to live a modest lifestyle for those 30 years. I’m not here to scare you, just to make it real!
Bottom line is you have got to get into the game!
If you’re age 25 the path is simple. If your age 50 and still haven’t invested in a primary home or investment properties, it’s GO time! Never too late, just time to get on it!
This is what we do. We analyze the Current Market, the Future Market, and your current financial wealth. We then set you up in a position of success. You don’t want to buy too much house, so your house poor, so can even afford to go to dinner because you have this monster mortgage, but you want to buy enough so your building an investment portfolio for retirement. No better way to build that portfolio than real estate and renters. …if you haven’t guessed yet, you’re not the renter any longer, you’re the owner! Your renters pay your mortgage for you and you cash in on the equity. They fund your retirement!
So, if you’re currently renting, yes your helping someone else’s future retirement. It’s great to help others but at some point you need to make sure you are taken care of also… My point here is – Be The Owner. There’s an expression in Real Estate. BRRRR (see this post). It stands for Buy, Repair, Rent, Refinance, Repeat. If you want to know more or have your questions answered, call me. We have an in-house lender and financial planner to get you on the path of financial success. You owe it to yourself to stop renting and start buying. …and even in the appreciation Denver market, you can do it!
To your Financial wealth!
