Securing a retirement worth having takes forethought, perseverance and planning. Exactly what a couple I'm working with right now has.
You see, they have a sweet equity position in their current principal residence. Now they could go out an buy a bigger home. One with another garage, an extra bedroom for that once a year visitor (wouldn't a hotel room be cheaper?) or the back yard that would blow all their friends away.
Or they could take money out and go on that vacation that would make you drool. Or how about driving a car that will turn heads?
No, this couple decided to do something rather boring. They decided to get rich slowly. They decided to plan for a retirement worth having by investing in real estate. Not the kind of real estate investing that you see on HGTV. Not the kind of real estate investing that is helping to bring down the sub-prime mortgage market.
The boring kind of real estate investing. The kind where you buy a house or duplex and you rent it out. Then reap the Four Benefits of investing in real estate. What were the Four Benefits, again?
- Cash Flow Before Taxes
- Principal Reduction
Want to know how these numbers work together in concert? Just email me and I'll send you a sample analysis. You can judge for yourself.