Retirement options for real estate investors
We all dream about the day that we get to retire, but first, there are many things to take into consideration, financially and psychologically, to see if you’re ready for retirement. If you’re a real estate investor, our team at Diversified Investment Strategies is here to help you decide if the right time for you to retire is now.
Ask yourself these questions as a real estate investor:
Are you mentally ready to retire?
Many investors feel that once they reach a particular age, they should retire. That’s old thinking! Positive reasons for wanting to retire are that you have better things you want to do with your life, the work has become too physically demanding, or you feel that the timing is right for you. However, if you want to retire because it’s traditional for your age group, reconsider. Is your work your identity? Do you want to stay in the real estate loop? Will you continue to need income?
Can you afford to retire?
Once you reach a mental conclusion about retirement, ask the financial question. Even if you feel ready to retire, you have to ask the question, will your income and savings in retirement be greater than your expenses? If you fully retire as a real estate investor, does that mean the end of income flow for you entirely? Will you have enough saved, once your sell your investment properties, to cover costs such as living costs, food, healthcare, taxes and so forth?
At Diversified Investment Strategies, one of our main goals is to help aging real estate investors retire without giving up their investment income! How can you do this? A 1031 exchange may be an option.
We specialize in 1031 exchanges at DIS. A 1031 tax-deferred exchange allows you to help preserve the value of your property investment if administered correctly. This means that you can rid yourself of tedious tenant duties and provide yourself with more time and energy to enjoy retirement, but you’ll also have a flow of income potential. A 1031 exchange also allows you to defer capital gains taxes on investment properties!
There are numerous options when it comes to a 1031 exchange, including a Delaware Statutory Trust (DST), an UP-REIT (721 Exchange), a Triple-Net (NNN), Oil & Gas, Saltwater Disposal Wells and more. Our professional team of advisors, attorneys, real estate brokers and registered financial consultants at DIS are here to help you determine if a 1031 exchange is right for you, and which option to go with.
Let DIS help you determine if this option is available to you! Contact us for more information.
The information herein has been prepared for educational purposes only and does not constitute an offer to purchase or sell securitized real estate investments. DST 1031 properties are only available to accredited investors (generally described as having a net worth of over $1 million dollars exclusive of primary residence) and accredited entities only. If you are unsure if you are an accredited investor and/or an accredited entity please verify with your CPA and Attorney. There are risks associated with investing in real estate properties including, but not limited to, loss of entire investment principal, declining market values, tenant vacancies and illiquidity. Because investors’ situations and objectives vary, this information is not intended to indicate suitability for any particular investor. Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated. Diversification does not guarantee profits or guarantee protection against losses. This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation. Securities offered through Concorde Investment Services, LLC (CIS), member FINRA/SIPC. Diversified Investment Strategies is independent of CIS.
Bryan Hakola
Diversified Investment Strategies
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