Real estate is a great investment option for your retirement money, as long as the company you choose gives current returns. Meaning, your initial capital is annually recovered on a cash-on-cash basis. Companies that guarantee current returns will have enough cash to pay timely distributions and cover operational expenses.
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If you are more into passive income, rental property is a good choice. Investing in a retail store, a condominium unit, or an apartment complex could be the way to go, as these properties do not require active management.
Sure, upkeep is your responsibility, but more often than not, this depends on the time you spend in getting the best people to lease a unit to. Look for those with a stable source of income or an established business.
Keep in mind that a property’s value and its income depends on careful choosing of an advantageous location and credit-safe tenants, minimal upkeep needs, and planning for annual or scheduled rental increases.
All in all, investing in real estate gives you a great degree of control over your retirement money as it allows for more relaxed taxes and inflation, plus the potential for the property’s appreciation is entirely up to you.
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Solomon’s Choice Capital is a New York-based financial services firm committed to helping individuals create the investment plans they need to meet their retirement goals. For more on the company’s services, click here.
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