Diversifying your Portfolio.
Real estate is a solid way to invest in your future and your retirement. A diversified portfolio can help guard against losses when one another asset class loses value. Unlike other investments, real estate can return money over the lifespan of the asset.
Did you know you can invest in Real Estate with your IRA?
Most people have no idea they can use their retirement money located in there Roth or Traditional IRA account. The Problem is many traditional brokers do not allow this type of investment. You would need to transfer your IRA account to a Self-Directed IRA Fiduciary’s (ex. Quest IRA) and use that money to invest in Real Estate... Tax-Free.
One question I get a lot... what strategy should I use to get started in RE?
There are many strategies.. one is BRRRR.
BRRRR is an acronym for buy, rehab, rent, refinance, and repeat.
Buy – Purchase distressed rental properties.
Rehab – Hire a great general contractor to repair the property.
Rent – Lease your newly renovated property to great residents.
Refinance – Obtain a new loan on the property to pull out the equity created from the rehab.
Repeat – Use the money from the refinance to repeat the process again and again until you achieve your freedom number.