Caleb and Riley are talking about the pros and cons of owning rental properties in retirement. While it might seem that owning real estate is a good opportunity at any point in time, there are additional things to consider when you are entering retirement age.
Learn more about:
- Why real estate is appealing and potential downsides
- Investing vs owning a rental
- A real estate investors quiz to help determine if owning a rental in retirement is the right plan for you
Retiree Real Estate Investor Quiz
- How comfortable are you having debt and using debt/leverage to invest?
- How active and involved do you want to be in managing your investments?
- What percentage of your assets does/will your rental property account for?
- Have you maximized your registered accounts (RRSP and TFSA)?
- How knowledgeable and comfortable are you how to screen rental applications, how to manage tenants, how to file for eviction, and a hundred other micro-skills?
- How taxing are tenant demands, drama, potential evictions, collecting rent on you?
- How confident are you that the real-estate market you own in will have high returns in the future, even outpace the stock market over time?
- Is cashflow better or worse than average? Are their any other extenuating circumstances like family living there, or long term tenants, etc.
Resources
Hosted by Caleb Miller and Riley Anderson of InvestorDNA
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