When it comes to retirement, there are many options to choose from, but investing in property is one of the most secure and reliable ways to ensure you have enough money to live comfortably in your golden years.
Firstly, Let’s start with how much you need to retire. Well across the internet it ranges from $60k per year to $500k in total. What ones are correct? Well, none, it is custom to the lifestyle you want to live, but when I am working with clients it always ends up with no debt on the house and around $100k per year.
Secondly, you can use the bank’s money to fund your retirement, say if you were to put $150k in the stock market and you got a 100% return on investment you will have a $300k assist, but if you were to take that $150k and purchase a $500k property and if that $500k property were to double in value you would have a $1million dollar assist and to top of it of your assist could be paying you a weekly income. That’s a $700k difference with that same starting point.
Thirdly, investing in property is a long-term investment that tends to appreciate in value over time. This means that as the years go by, your property will increase in value, which can provide you with significant financial security in retirement. You can either sell the property to cash in on the appreciated value or keep it and rent it out for a steady income stream.
Fourthly, owning property can be a great way to diversify your investment portfolio. If you invest in a mix of properties, you can spread your risk across different locations, types of properties, and rental markets. This can help to protect you against market volatility and economic downturns.
Fively, investing in property can provide you with a passive income stream that can supplement your retirement income. Owning rental properties can be a great way to earn a steady stream of rental income that can be used to pay for your living expenses and fund your retirement lifestyle.
Lastly, owning property provides you with a sense of security and stability. Unlike other investments that can be volatile and subject to sudden changes, property tends to be a more stable and predictable investment. Knowing that you have a physical asset that you can rely on can provide you with peace of mind and financial security in your retirement years.
If you are looking to build your property portfolio, and don’t know what strategy or even where to start, book a free discovery call, and we will provide you with a free 30-minute session to help you get started on the journey.