Do you think real estate is still a good investment?
Is real estate a good retirement investment? Despite the doom and gloom right now surrounding real estate, it must be remembered that for the past century at least, investing in real estate over the long term has been a wise choice. But is Retirement planning through real estate a good option right now.
Today, we want to take a look a some of the facts surrounding home ownership and the value of what is for most people, their biggest investment in life. In fact, many start off with optimism, buy a home and pay it off, banking on it to be a major part of their retirement equity.
But what about those people heading into retirement right now; how do they manage the downturn in home values with trying to balance their retirement bottom line. Well, it’s not going to be easy and the following video report at Checks and Balances TV hits home(pardon the pun), some of the facts that many people are avoiding.
Combine this with the loss in value of 401(k) plans because of a volatile stock market and for many, a loss of jobs and wages, the doom and gloom scenario is hard to ignore. What are the options if you are in this situation?
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So what if you are planning to invest in real estate for your retirement despite the gloomy scenario? Is real estate a good retirement investment in the current climate?
The truth is, if you have the right plan plus determination, patience and discipline, you can make real estate work for you as a solid retirement plan even in a tough economy. The following case study at businessinsider.com of a couple using real estate as the foundation for their retirement plan should give you plenty of encouragement.
The strategies available to the typical long term real estate investor have been more than somewhat limited.
Either their ‘strategy’ is cash flow or it’s capital growth.
They employ leverage as it relates to down payment, or opt for overwhelming down payments, even all cash.
They’re from the school saying you buy, but never, as in never ever, sell. Then there’s the school preaching tax deferred exchanges are mirages, leading to nowhere and fast.
Or, they think responding to ever-changing markets, being flexible, makes more sense.
It doesn’t hafta be Either/Or
In fact, I’m here to tell ya that if your long term real estate investment experience has been defined by the either/or straightjacket, your results have likely been unintentionally limited from the beginning…..
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The thing you need to remember though as stated in the article; before running off and trying to do this on your own you need to speak with a bonafide CPA who specializes in real estate investment. That is just common sense.
What we are trying to point out here is that in times of desperation there is always opportunity for those with a little foresight. Yes, home prices are down but for investors with a long term view, that’s a positive rather than a negative. Talk to a real estate retirement investment expert and see what your options are. We think you might be pleasantly surprised.