subject: Real Estate Investments Vs. Pension [print this page] Real Estate Investments VsReal Estate Investments Vs. Pension
Age doesn't really matter. Not only when it comes to love, but also when it comes to earning money. When you are now living in your sunset years, the last thing you want to happen is to become a liability to your family. If you were an outstanding businessman during your younger years, most likely you would still want to use your expertise. Old age can't stop you from making money. Real estate investments open windows once the door closes.
Creating a plan when you are investing in real estate is very helpful. It gives you a clear picture of what you want to achieve in the investing business. When everything is well planned out, you already know what type of investments you need, especially if you included your retirement plans. Good thing about real estate investments, their value appreciates over time. If you buy a house for $150,000 ten years ago, most probably its amount doubled or tripled by today. So if you are planning to sell that house now, you are sure to take home huge amount of money. Even if you didn't do anything, just by owning that property, you can earn big.
What can real estate investments offer that pension plans can't? There are a lot of reasons why you should secure a lifetime real estate investment than pension. First, property investments provide long term financial security. A friend of mine owns a five-unit apartment. Two years before his retirement, he bought that from a tired landlord. It was indeed a sound decision because he's still making huge money until today. He has the money to travel across countries with his wife. He can buy presents for his grand children. He is living his golden days perfectly.
Real estate investing is better than pension. It gives you a rewarding feeling. In spite of your old age, you are not worthless. Managing a rental property also gives you distraction. It drives you away from boredom. Maintaining a rental property isn't that hard. You just need to talk with your tenants about monthly fee. You just have to check the house's condition once a year to keep it in good shape. It is also nice to befriend your tenants. They are not just renters; they are also your "companion" in this business.
Real estate investments transcend time. You can even pass it on to your son or daughter. It is a lifetime investment. You can show to your family that real estate investing is a great source of steady income. Your experience can encourage them to enter in the real estate field.
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