You can find out the best places to invest in 2022 at this free event, here icgre.com/guide. Adiel Gorel, owner of ICG, has helped people buy thousands of rental properties securing their financial future.
The Millenials are calling it “FIRE” Financial Independence, Retire Early and it’s kicking their generation’s retirement planning into high gear and focusing their attention on the rental property market. It’s true rising real estate prices have all of us at any age in a frenzy to find the right real estate properties to buy for our retirement planning. Morgan Stanley Investor Pulse Poll shows that many young adults are, in fact, anxious about having enough savings for retirement. We are living through rapidly changing times. Nearly 25% of millennials are concerned about having sufficient funds and 69% are in a frenzy about making that money lasts a lifetime and are looking to real estate investing as the solid wealth builder of choice.
“To face this economic change with gusto you must understand traditional retirement plans cost so much life to achieve. Millennials are very open to seeing this and seek out real estate as a long term retirement plan, particularly the single-family home rentals coupled with the 30-year fixed-rate loan.” -Adiel Gorel, Owner of International Capital Group (ICG)
Feeding the FIRE: Financial Independence, Retire Early Movement the Transamerica Retirement Survey, reported that seventy percent of millennials are already saving for retirement and 81 percent of millennials are concerned that Social Security will not be there when retirement time comes. So, let us focus on how many rental properties to retire even in this time of rising real estate prices.
Adiel Gorel of ICG, is hosting a free virtual event for you, to answer your questions and of course, the most pressing question what are the best markets to invest 2022. Don’t miss out, click icgre.com. Adiel Gorel of ICG has helped thousands of investors understand how many rental properties to retire at any age or economic background.
“A big factor in the rise of the FIRE Financial Independence, Retire Early Movement is that financial stability has become the new ultimate luxury, for so many of us young and old because no matter if we are 22 or 87 when we know that our retirement will be achieved with dignity, it provides us with a sense of wellbeing in all aspects of our life.” -Adiel Gorel, owner of International Capital Group (ICG)
A new American Dream taking shape before our eyes, and it has to do with financially providing for our whole life as soon as possible, rather than the traditional 40 years and a gold watch retirement plan. That’s why the millennials are calling it FIRE: the Financial Independence, Retire Early Movement. When asking this now pressing how many rental properties to retire question the best part of the answer is that ultimately you as the investor are in control of how many rental properties to retire.
At ICG, hundreds of investors have capitalized on the best real estate investing strategies to take advantage of (including the FIRE Financial Independence, Retire Early movement) safely, soundly, and remotely. When you focus on single-family homes in the sunbelt states as long-term investments you will quickly see they are scalable. These are homes truly within reach of us first-time buyers. The United States is brimming with opportunity for you right now, and rising real estate prices are not a bubble you can utilize inflation in such a way that it makes this time the right time for you to invest.
The 30-year fixed-rate real estate investment mortgages turn rising prices and inflation into your best friend. In fact, 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 new investors start with one rental property, and this is still a great time to do that despite rising real estate prices. The power of just one property can so quickly be realized, and more importantly, the power of each additional property to be a wealth builder for you inspire many to buy up to ten or more homes. FIRE Financial Independence, Retire Early is achievable in this way for you. Often when investors are at eight homes with the mortgage shrinking in the face of inflation, it becomes apparent to you what you should do next. Suddenly, that question of how many rental properties to retire becomes a distant worry, and all becomes very simplified and 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 six free and clear rental properties and the cash flow is very good.
Investing in real estate is a wealth builder and reducer of taxes through a variety of means. 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 your property’s market value, your property’s recovery period, and the depreciation method used. The most commonly used rental property 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 for you and powerful reasons to answer that pressing question as soon as possible, how many rental properties to retire.
With the right real estate investment loans, you can now retire with six homes, all without a mortgage. That has a huge impact on those 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 rental properties are building blocks to suit any retirement plan.
If you don’t want to miss out, click icgre.com/guide to register for the Free Virtual Real Estate Expo. Adiel Gorel has helped thousands of investors like you understand how many rental properties to retire at any age or economic background.
