Mar 10, 2020
Did you ever think about purchasing real estate as an investment, but decided that the hassle of being a landlord or dealing with a property management company wasn’t for you, especially after you retire?
If so, you may be surprised to learn that it’s much easier to invest in great real estate without owning an apartment building, a house, a condo, or an office building than ever before. Recently, the financial industry has created great real estate products available to investors looking to diversify their portfolio without running the risks of property ownership, and they can be a powerful tool to use as you create your retirement plan.
Joining me today is Dr. Randy Anderson. He holds a Ph. D in economics and has focused his career on real estate investing. Together, we discuss the nuances and challenges of the real estate industry, the opportunities investors have to purchase high quality real estate right now, and how to avoid complicating your taxes as you do it.
- In this podcast interview, you’ll learn:
What caused the housing bubble to burst in 2008 - and how to avoid falling victim to similar traps as a real estate investor in 2020. - Why purchasing real estate as an investment is very different from buying a home.
- Why you should consider investing in the REIT sector - and the potential factors to consider as you get closer to retirement.
- The potential benefits and drawbacks of buying and running rental properties - and why this isn’t always the best source of passive income.
- How private real estate behaves differently than REITs in a drawdown.
- Why the key factors that influence spending haven’t changed in generations - and how to think about this as you make investments.
- Why patience is crucial to successful real estate investing - and why being forced to sell at the wrong time is a major way to get hurt.
- How to own real estate as part of an IRA without creating tax headaches.
Get Today's Show Notes
To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/23
Learn More about Retirement Planning
Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com