Unlike the Gen X population who are following in the footsteps of the retirement of the Babyboomers and financing college for children at the same time, millennials don’t want to be in that position. Many start to plan for retirement as young as 22 years old by asking how many rental properties to retire. Morgan Stanley Investor Pulse Poll shows that many young adults are, in fact, anxious about having enough savings for retirement. Nearly 25% of millennials are concerned about having adequate funds and 69% are uneasy about making that money last a lifetime and are looking to real estate investing as a solid wealth builder over time.
“Millennials are facing this economic change with gusto. Most see traditional retirement plans won’t provide a positive lifestyle and seek out real estate, particularly single-family home rentals for retirement planning. This is a very positive sign of the times.” -Adiel Gorel, Owner of International Capital Group
According to Transamerica Retirement Survey, seventy percent of millennials are already saving for retirement and started saving at the unprecedented young age of 22. 81 percent of millennials are concerned that Social Security will not be there when retirement time comes. Fifty-two percent of millennials who provided an estimate of their retirement savings needs say they “guessed” what that figure should be. So, today’s focus is on how many rental properties to retire at any age.
Many Americans lost confidence in their pre-pandemic retirement plans, and there is also a larger mind-shift that’s driving the psychology of investing by and large which has led to this cacophony of asking how many rental properties to retire?
And this mind-shift is: stability is the new “luxury.” Financial stability is now seen as the ultimate luxury because when a person from 22-87 knows retirement will be achieved with dignity, providing a good life for family will be achieved without costing mental, physical, emotional, or financial stress a sense of sovereignty provides wellbeing in all aspects of life.
There is a different American Dream unfolding before the world’s eyes, and it has to do with providing for whole life as soon as possible, rather than the traditional 40 years and a gold watch retirement plan. When asking this now pressing how many rental properties to retire the best part of the answer is that ultimately the investor is in control.
Adiel Gorel is hosting a free virtual event to answer the questions and of course the most pressing question of 2022 which markets to invest in during this time. Don’t miss out, click icgre.com. Adiel Gorel has helped thousands of investors understand how many rental properties to retire at any age or economic background.
At ICG, hundreds of investors have capitalized on the best real estate investing strategies to take advantage of; safely, soundly, and remotely. Single-family homes as long-term investments and scalable. These are homes truly within reach of first-time buyers.
The United States is ripe with opportunity right now because of the 30-year fixed-rate real estate investment loans. Here’s the best part about this type of loan. Investors don’t have to wait for 30 years to reap the rewards. So, how many rental properties to retire? Consider this. After 10, 12, and/or 14 years, this 30-year fixed-rate loan looks like a fraction of the value of the home because inflation made everything else higher in price, except the fixed-rate loan.
Many investors start with one property and quickly see the power of it and buy up to ten or even more homes. Often when investors are at eight homes with the mortgage shrinking in the face of rising inflation, it becomes apparent what to do next. Suddenly, that question of how many rental properties to retire becomes a distant worry, and all becomes very clear. Sell two of the houses, pay any capital gains, use the remainder of the profits to pay off the other six small remaining loans, and now you have e six free and clear rental properties and the cash flow is very good. This is what Adiel Gorel calls Remote Control Retirement Riches, the same title as Gorel’s book. Because with the right real estate investment loans an investor can now retire with six homes, all without a mortgage. That has a huge impact on families all over the world who follow Adiel Gorel’s system. Of course, six is only an example. There are investors who are happy with four, and some have over twenty. These are building blocks to suit any lifestyle.
Investing in real estate is a wealth builder and reducer of taxes through a variety of means. Moreover, depreciation allows for the recovery of costs related to income-producing rental property. So what is rental properties depreciation in its simplest terms? Depreciation is the recovery of the costs associated with the upkeep of real estate investment properties through annual tax deductions. As time passes each year, the real estate will naturally begin to break down. The depreciation deduction is in essence a recompense for that natural wear and tear, it’s a tax benefit of real estate investment properties.
Here’s where it seems too good to be true but it is true. For tax purposes, depreciation is always considered a net loss on real estate investment properties, independent of any profits on the property.
The allowed deduction amount is determined by the property’s market value, the property’s recovery period, and the depreciation method used. The most commonly used rental properties depreciation method is called the modified accelerated cost recovery system, which allows investors to deduct depreciation on a residential property for 27.5 years! Great news for millennials.
Those are some pretty spectacular tax benefits of real estate investing and powerful reasons to answer that pressing question as soon as possible, how many rental properties to retire.
Name: Adiel Gorel
Email: Send Email
Organization: ALLUSA INVESTMENTS, INC
Address: 165 North Redwood Drive, Suite #250, San Rafael, CA 94903, United States
Release ID: 89073451
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