Private money lenders offer bridge to rental real estate investments
Whether you’re looking ahead to the
golden years or already retired, rental properties can provide a steady source of income to support your retirement with some forethought and fortitude.
With pensions now scarce, one out of three Americans with no retirement savings, and many working long past retirement age, finding alternative sources of income for the retirement years is increasingly smart.
Barbara Pietrowski, a CPA who specializes in rental real estate, says in the article Funding retirement with rental income:
Real estate can be a wonderful asset to have in retirement, because when you have tenants, you have money coming in every month and, if you don’t have pensions, that’s important.
Though not without risk and the demands that come with being a landlord, rentals offer tax benefits and, in time, a growth in monthly income.
Pros and cons of rental property investment
As noted in the mentioned article, there are pros and cons to be weighed. The expense and upkeep, difficult tenants, empty rental units, and stress of holding a non-liquid asset during market downturns can be challenging. However, with proper research, smart property purchase, realistic expectations, and a willingness to put in some work, you can anticipate a worthwhile return on your investment, particularly over time. And the sooner you invest in a real estate property for rental, the greater benefits you’ll experience during retirement.
When it comes to financing multifamily or rental properties, we offer fast, easy qualifying hard money loans even when conventional lenders say no or can’t move quick enough. Invest in your future with investment property. Give us a call to learn more.