There are many theories about how to plan for your retirement. One I have taken on personally is to make a goal for myself to implement new proven strategies to make passive income.
Try to make a goal for yourself this year to build and expand your real estate nest egg. Once you purchase your property, put it on an aggressive amortization and/or a bi-monthly mortgage and you will see that 30 year amortization cut to 18 1/2 years plus or minus. Likewise, apply additional cash flow to principal reduction. By the time you reach retirement age, the asset will be paid off, you can sell the asset as a seller financed note, and you will reap all the interest and equity in that property.
Call me to assist you in finding properties to start, add to, or finalize your investment portfolio.
Cari Patterson-Broker Vance Elliott Realty 512-423-0698