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Rental Property Income Finance Retirement

February 26, 2016 By Dan Leave a Comment

According to Robert Berger of U.S. News and World Report, rental properties can provide a meaningful source of consistent income as part of your retirement planning and portfolio. He claims, “Buying a property or two could provide enough income to allow you to retire sooner.” However, you’ll need to ensure your investment properties will provide steady, positive cash flow throughout your retired life. You don’t want a rental property to become a drain on your retirement resources! Here are some things to consider before diversifying your retirement portfolio with investment properties:

Explore your Financing Options. In a post-financial crisis world, those with good credit and a steady work history can purchase rental properties through a variety of finance vehicles. One should consider the use of a portfolio lender (like Colony American Finance). These lenders have greater flexibility and can act outside the terms imposed by Fannie Mae or Freddie Mac. That being said, lending requirements are understandably stricter than they have been in the past. Lenders are now requiring increased down payments (25% or more) and more stringent credit and liquidity profiles.

Get Familiar with the Tax Implications. Rental properties offer some valuable tax benefits. To name a few, you can claim depreciation on rental properties (but not the land), reducing your tax burden year by year. Depreciation, along with the interest expense on a mortgage, may enable you to minimize taxes for some time. Keep in mind, however, that you’ll have to deal with depreciation recapture down the road If and when you sell the rental. In many cases, rental properties operate at a tax loss. One of the hidden benefits of being a landlord is that these “losses” can be deducted on your tax returns (up to $25,000 a year). There are some requirements that must be met, so be sure you understand the rules. The tax implications of owning rental properties can be beneficial, but are also complex. Seek out the help and advice of a tax professional before you delve into the world of residential rental investments…read more

Source: Rental Property Income Finance Retirement via @ProLandlord

Filed Under: Real Estate News Tagged With: Landlords, Property, property management, rental, Rental Property, tenant

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I am a licensed Real Estate Broker/Advisor with 15+ years of experience in the home sales and property leasing industry. I have a proven record of lead cultivation, consultative sales, and document preparation leading to revenue growth and the highest levels of customer satisfaction.

I am currently working as the Leasing Agent and Real Estate Advisor for Renters Warehouse in Tukwila, WA. In this role, I am focused on advising and supporting 60+ residential building owners each year in leasing functions for the corporate-backed startup company. I am well versed in generating tenant leads from various sources, scheduling property visits and showings, and preparing leasing documents and contracts for signature. Read More…

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ABOUT ME

I am a licensed Real Estate Broker/Advisor with 15+ years of experience in the home sales and property leasing industry. I have a proven record of lead cultivation, consultative sales, and document preparation leading to revenue growth and the highest levels of customer satisfaction.

I am currently working as the Leasing Agent and Real Estate Advisor for Renters Warehouse in Tukwila, WA. In this role, I am focused on advising and supporting 60+ residential building owners each year in leasing functions for the corporate-backed startup company. I am well versed in generating tenant leads from various sources, scheduling property visits and showings, and preparing leasing documents and contracts for signature. Read More…

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