A startling number of Australian baby boomer’s are not financially ready to retire. If you are worried about being able to support yourself in your retirement years, you need to look into purchasing some Investment Property. Investing in property is a great way to build a steady stream of passive income that you can use to investment property for sale help support your lifestyle when you retire. If you are a baby boomer who has not put enough away in a traditional retirement fund, investing in property may be the only way you can afford to retire and maintain your current lifestyle.
It takes a lot of money to retire. Most people’s lifestyles will not dramatically change when they retire. They will still be living in the same house, they will still be driving the same vehicles, they will still be going to the same type of events and they will still be eating at the same restaurants. In order to maintain the type of lifestyle that you are used to, you will need access to about the same amount of money you have every month right now.
If you have not saved enough money over the years to comfortably retire, with the right investments, you can still make up the difference. One of the easiest ways to make money is by purchasing Investment Property. If you are able to afford to purchase investment property, you can expect around a 5% return every month on your property. You will be able to pay-off the property, take care of maintenance, and add extra money to your retirement fund.
Many people wonder, “is property a good investment?” The answer is a resounding yes. To start with, you can earn money from renting out your property. If you decide that you no longer want to rent out the property after you own it for at least five to ten years, you will be able to make a profit when you sell the property. You can then invest this money, and use it to continue to improve your quality of life during your retirement years.
If you are interested in purchasing investment property in order to expand your retirement portfolio, you need to reach out to Kate Rollan. She can help you find and purchase a property where you will be able to rent out the house and get a great return on your investment whenever you decide to sell. Investing in property is one of the easiest ways to create a passive income stream during your retirement years.