How can you begin investing after retirement age? And what’s the best way to get started? That’s the first question I’m answering on this Q&A episode of Investing in Real Estate!
Before I get to your questions, we’re going to chat about the broader economy, including inflation, interest rates, and how these factors impact the housing market. Then I’ll take three of your questions on investing in your 50s & 60s, how to buy a second rental with non-recourse financing, and the connection between depreciation and self-directed IRAs. I appreciate your great questions, and I hope you find this episode helpful.
On this episode you’ll learn:
- How to start investing after retirement age.
- The details of non-recourse financing.
- What you need to know about depreciation and self-directed IRAs.
How to Start Investing After Retirement Age
Regardless of your age, investing in real estate should be very personalized. You can start at any age. You’ll want to consider your overall financial snapshot, what your liabilities and assets look like, and what type of financing is a fit for you. I would recommend checking out my Wealth Building Masterclass Series on YouTube and scheduling a free call with my team so we can help you create a customized plan.
The Details of Non-Recourse Financing
Non-recourse financing is a loan that is tied to the merit of the asset. Non-recourse loans can be great if you have reached the 10-mortgage limit or need to minimize impact on your personal credit. The main downside of non-recourse loans is that they typically have a higher interest rate. Our non-recourse financing program is always available, and we’d be happy to help you determine if it’s the right choice for you.
What You Need to Know About Depreciation and Self-Directed IRAs
The self-directed IRA is one of my favorite investing vehicles. It has a lot of benefits, including tax-free growth inside of the account. However, one main drawback of buying real estate inside of a self-directed IRA is that it disqualifies you from taking advantage of depreciation. Unfortunately the IRS does not allow investors to take advantage of tax-free growth and depreciation at the same time. If you need to use depreciation, a self-directed IRA might not be the right strategy for you.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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