Helping your clients improve the return on their investments in retirement not only benefits their financial bottom lines, but also helps you stay in the forefront in your relationships with them. As clients near retirement, where they direct their investment dollars is likely to change. Investments must be more risk-free with potentially higher returns. There are a few ways you can help guide your clients to a more comfortable retirement.
Your clients can access the equity in their primary residence to invest in other properties. Investment dollars can be obtained by refinancing or with a home equity line of credit.
Task yourself with finding the perfect property for them to buy, fix up and flip. Those who have improvement skills and financial expertise can realize good return on their investments.
Investing in residential property to use as a long-term rental is another retirement investment option. Good long-term tenants give a better guarantee of an income stream to cover their mortgage, taxes, insurance and maintenance. Use your expertise to find them well-located rental properties with good rental rates.
Buying a vacation home in a good location and renting it out part time can produce a better than average return on the investment. Often, vacation rentals produce more income in a few days than a long-term monthly rental if it is in a destination location. The retiree investor can also enjoy the home for specified days a year.
Please contact me so I can help your clients understand how to overcome any challenges that may come with buying investment properties.