Plan Performance Direct

THE Wealthier + Wiser Blog

Helping you better understand your money so you can reach your goals

Generating income from real estate

There are many ways to generate an income from different investments when reaching that retirement stage in your life. One investment that is rising popular to the public is owning commercial or residential real estate. With hopes of long-term profit there is also risks you must understand when it comes to purchasing any real estate. When it comes to owning any property some of the biggest concerns an individual may have is the economy and the state it is in. If the economy was in a rough patch it potentially could impact your income with a loss. On the bright side, if you have more property that means you have more tenants. With more tenants comes more of a consistent income. The real estate sector is projected to perform well in 2018 due to the Federal Reserve and the new tax law that classifies the REIT (real estate investment trust). This could mean you have more of a chance of money to come back into your real estate sector that is tax favored and can be taken advantage of. Remember to stay up to date with the economy and follow those trends before looking into any investments that involve real estate.

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