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How to Retire Early Through Real Estate Investing in Bonita Springs

System - Sunday, October 29, 2017

If you want to know how to retire early, we have an exciting thing to discuss today. We’re talking about early retirement through real estate investing. We’re explaining the steps involved in buying rental property.

Best Retirement Investments Depend on Goals

First, identify your goals. Determine how much passive income you want to achieve on your rental investment, and when you plan to retire. Then, think about the types of rental properties you are comfortable with. You’ll need to decide if you plan to self-manage or if you want to work with a professional property manager. Think about how much money you want to accumulate year after year. Know your capitalization rates, and get your numbers together. Talk to your financial planner and your CPA. Figure out how much money you can allocate for real estate investing. Your financial professionals can help you decide if it’s better to get a mortgage or pay in cash. Maybe you’ll want to do a 1031 exchange with another property or use your self-directed IRA. There are lots of options. As long as you can earn a proper return, this will be a safe investment. It has been for hundreds of years, and it will be in the future as well.

Finding Investment Property with a Realtor

Identify a Realtor or property manager who can help you buy. We recommend you go with a company like ours – someone who is really strong in real estate sales but also has a property management brokerage. Last year, we sold a lot of homes, and we also managed 250 properties. We like to consult with investors like you and ask a lot of questions. We will ask what you hope to accomplish. Then, we’ll look for properties that fit those goals and put together a plan for acquisitions. We’ll also talk about your exit strategy. With investing, it’s important to know if you want to own these properties for five years or 10 or 20 years. You’ll need to speak to your attorney and decide what title these properties should be taken into. You might want them in your trust or will. Everything needs to be considered. 

We can help identify those numbers for you and put together a capitalization rate so we can figure out what kind of ROI will work for you. 

Let’s talk about your situation and how we can help with Bonita Springs property management. Please contact us at Encompass Property Management. We serve Naples, Bonita Springs, Estero, Fort Myers, Cape Coral, and Lehigh Acres.