So you have recouped some of your losses in the stock market, things are beginning to look up, but is there somewhere else you should put your cash? Perhaps getting into the rental market isn't a bad choice! Investing in Real Estate can be a great cash cow for retirement.
While prices of homes have dropped significantly since the high, rental rates have not seen near the decrease of the last few years. There are many homes available which are basically ready for tenants and at a great price. This is a great opportunity because not only will you be collecting monthly rent, but also likely gaining as the property regains its value over the next few years.
Another option, if you are looking to purchase a home for yourself. There are a lot of incentives available to homeowners, well why not extend those incentives by purchasing a duplex, triplex or quadruplex which as long as you live in one of the units may qualify you for some or all of these incentives (tax breaks, better loan rates, etc).
Don't want to deal with tenants, repairs, etc, but still want to benefit from owning rental property? I manage properties for clients who want the income stream of a rental home, but don't want to deal with the 12am calls for a furnace repair.
There are lots of option out there, and great opportunities. We can also finance many of the purchases at very competitive rates. In unstable markets, cash flow is king, and that's exactly what rental properties provide!
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