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But it can take time and dedication to turn it into something truly lucrative.
For many people, investing in real estate is neither feasible nor the wisest decision during their working years.
But if youve retired, now might actually be the best time to get started.
Heres why you shouldstart investing in real estate once youre retired rather than before, according to industry experts.
This means more cash that you never had before and can now use on real estate investments.
You finally have the funds, said Kathleen Peddicord, CEO and founder ofLive and Invest Overseas.
Youve worked for the past several decades and built up a nest egg.
Real estate can be a great investment that brings in cash flow and capital appreciation.
This can even help fund your retirement.
More than that, you have the time needed to double-check youre making the best decision possible.
Owning investment properties offers a lot of flexibility, Breeden said.
This is something that could benefit even non-retirees.
This means more money in your pocket during retirement.
Be aware that real estate can be more complex to pass on to your heirs.
But as long as youve planned for that, it could be a lucrative addition to your retirement life.
They can be something you pass on to your kids or grandchildren.
it’s possible for you to do this with your descendants and their descendants, too.
Start building the portfolio and allow them to get involved, Gabrail said.
But, once youre retired, you do!
Overseas real estatecan give you purpose, Peddicord said.
Transition from your working life to retirement can be jarring.
Suddenly the thing that determined every days structure is gone.
Buying property in another country can help fill the void that wrapping your career created.
Depending on the throw in of property you buy, it can give you a lot to do.
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