The aim of purchasing property is to build an asset base through long-term
capital growth, which only happens over a period of many years or decades.
Investors
in their 30s have three or so decades before they need to sell.
If you’re
older, there’s less time for capital growth to work its magic.
But the
real estate market is a bottomless well of dwelling values, yields and growth
potential – and there’s a multitude of strategy options for you to create a
wealthy retirement, even at an advanced age.
You need to consider a number of factors, which means asking yourself
questions like:
·When do I want to retire and how many years do I have left in the
workforce?
·How much money do I need to sustain my lifestyle in retirement?
·What is my family situation and how will that impact my finances in
retirement?
RealRenta has all the tools that a property manager has but for less
than ¼ the cost of a property manager.
You can now manage your Residential,
Commercial or share/student accommodation property
Join now and the cost is less than a cup of coffee a week to manage your
rental property.
RealRenta also has a free vision, so why not check it out.
Jason Gwerder
Friday, 26 July 2024
