One of the most flawed rules of thumb you may hear is that you’ll only need 50% of your current income to maintain your lifestyle during retirement.
When did the future ever become 50% less expensive… is a loaf of bread going to cost half what it does today? Will rents drop by 50%?
It’s likely you’re going to need MORE money than you’ve planned for. If you want steady income during retirement, but do not want to face the risk and volatility of the stock market, you could pile your life savings into a CD. However, at 1.59% interest, you need about $600,000 saved to get just $12,000 annual interest income — and that only keeps you a hair above the federal poverty level.
Thousands of retirees and baby boomers are turning to real estate. They are securing massive income by investing in commercial properties including apartment buildings, offices, and retail properties.
Ultimate Retirement Strategy: One Deal and You’re Rich
Today’s commercial real estate market is one for the moneymaking history books. It’s possible to become a millionaire on your first property.
It is a misconception that you need vast sums of money in the bank and stellar personal credit to buy commercial properties. Unlike loans for single-family houses, commercial real estate loans are based on the ability of the property to pay back the lender, not on your personal ability. Almost anyone can buy commercial real estate no matter what their age, income, or credit rating.
Two Ways to Profit: Income and Equity
Commercial properties produce steady monthly income from rent, plus they position you for a massive payday when you sell.
Your goal as a commercial real estate investor is to acquire properties that produce an immediate positive cash flow. This means the rental income covers all expenses including taxes, maintenance, mortgage and professional property management, plus gives you surplus cash to spend and invest as you please.
In essence, tenants pay off 100% of your investment and give you extra money. It’s called “passive income” because you don’t work for it, and it comes to you rain or shine, good economy or bad. It’s virtually never-ending until you sell the property. You do not have to wait decades to cash in. Many investors sell within 3 to 5 years and roll their profits into bigger buildings.
Tremendous Opportunity Today
Commercial real estate opens a huge segment of your local market that most individual investors overlook. Less competition leads to better deals.
From small duplex apartment houses, to retail strip malls and major office centers, commercial property allows you to become as big as your imagination, but lets you start as small as you like. You can literally turn a few hundred dollars into a multi-million dollar fortune…
The Secret to True Risk-Free Wealth with Real Estate
Discover how a broke landscaper from Abington Massachusetts turned his last $800 into a $240 million real fortune and wrote a book with Donald Trump…
David Lindahl, also known as the “Apartment King” has been successfully investing in single family homes and apartments for the last 14 years and currently owns over 7,000 units around the US. David regularly shares his secrets and experience on the same stage as Tony Robbins, Robert Kiyosaki, and Donald Trump!
Written By: April 26,2011