Financing – Alternative Options: Retirement Income

financing-alternative-options-retirement-income

Over the years, your tenants will gladly pay off your rental home for you. When this happens, DON’T sell it. This is your retirement income! This is money that will make it so that you have money to live on when you are living your dream in your off-grid Garden of Eden.

The time invested in your rental is minimal. You have great tax write-offs (consult an honest tax accountant to help you get all of the write-offs you are eligible for).
And so that your heirs will not have to pay huge capital gains and so that the gov’t does NOT take it from your heirs when you have to go into extended care, be sure to put your property into a Trust (not a Will; otherwise, your property will have to go through probate before your heirs will get it). Consult an honest (good luck) attorney to help you with this.

About Julie

A loan officer of 15 years, a gardener of 40 years, raised on a 1200 acre ranch raising 300 head of sheep. Creative and intuitive, she envisions beauty and makes it a reality whether with sewing, cooking, knitting on her knitting machine, in her home or in the garden. She is blessed to live with her best friend as her husband and she has always felt as one with God, nature and with animals and would turn to the mountains for strength and now lives her life, totally content in the Rockies at 8700 elevation.
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