How to Use Real Estate to Build Retirement Savings

Real estate as a retirement investment is often overlooked.  If you watch enough late-night television, listen to the radio, scroll Facebook, or watch videos on YouTube, I’m sure you have seen an advertisement or infomercial about one of the “easiest” ways to accumulate wealth using other people’s money.

Becoming A Successful Real Estate Investor

There are several ways to invest in real estate. However, the most common method is to own rental properties. One of the first steps is identifying what type of real estate owner or landlord you want to be.

Rentals As Investments

Another type of landlord is the individual who looks at owning a rental property strictly as an investment. This landlord will generally buy properties at a discounted value and then rent them out for a profit.

Real Estate Investment Myths

It is also important to dispel some of the myths which go along with owning a rental property. Many marketed real estate systems will highlight purchasing properties using other people’s money. Typically, this “other person(s)” is a mortgage company, and the loans are secured using your credit line.

Short Term Rentals

The third type of rental property is used for short-term rentals. These are generally located in tourist and vacation areas. In fact, I’m writing this post while vacationing in one on the beach!

Keep Cash As Leverage

Whether you own your rental property free and clear or still have a mortgage, it is vitally important to have access to capital for unforeseen expenses, or real estate investing is only not going to work long-term for you.

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