How to retire by 65 years old


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How to retire by 65 years old

Today we are going to discuss how to retire by 65 years old! Nowadays many people are getting into real estate investing later in life because they are trying to build wealth for retirement. This additional pocket of money not only provides additional options for them, but financial security as well. Are you interested in building wealth, increasing your cash flow, and retiring by 65? Let’s take a closer look at why it is never too late to invest in real estate!

Example: Making money for later

Within three short years you can set yourself up for the future that you want! After you have purchased the properties, you can then begin to pay them off. Just to clarify, the only things that you would need to pay are the taxes and the insurance once the properties are paid off. Here is an example of how you can create the options and security you need before age 65!

Number of properties 10
Cash flow $300 (per property) or $3000 (10 properties) 
Property #1 Paid off in 5 years
Property #2  Paid off using Property #1 
Property #3 Paid off using Property #2
By age 65 You own 3 properties free and clear! 
Property #1, #2, and #3  Worth $400K each totaling $1.2 million
Property #1, #2, and #3  They bring in $2100 each per month

Supplemental income options.

First, the money that you are making off of the rental properties can supplement social security as well as retirement. A second option is to take out a new loan. This would allow you to get money out of a paid off property. Finally, you could sell a property every three years, which would get you to age 95 by just using the proceeds from the property. Keep in mind that you will have some taxes, however, it provides more flexibility and financial security in the long run. Just to clarify, once the 10 properties hit maturity, they will be $600K each for a total of $6 million! 

Start now!

It’s never too late to get started in real estate investing! Set yourself up for the future you want by building your supplemental income today. Those who do it correctly by using BRRRR will have a lot of options down the road. Do you want to learn more about setting yourself up to retire at age 65? Contact us today

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