By now, most investors probably understand the main reasons real estate is such a great investment option; it offers the unique opportunity to earn secure ongoing income, it can beat stock market returns and it can even protect your portfolio from inflation, to name only a few of the many perks that come with investing in real estate…
But what about the other things that make real estate investing so attractive? What about the things real estate offers that go beyond your bottom line and venture instead into the realm of intangible things that really make life worth living? Read on to see how real estate can do so more than just improve your financial situation… If you know where to look!
Take More Vacations
Just think, if you choose to invest in an income-producing vacation home, getaways will be much easier! Even if you decide to rent your vacation home out for most of the year to collect ongoing income, there’s no reason you can’t schedule 5 or 6 weeks each year for your own family (and/or friends, if you choose) to enjoy your second home. Just make sure to buy a desirable property in a great location!
Spend More Quality Time with Family and Friends
Whether you are vacationing in a second home with your family in tow, or are simply using the income from real estate investments to take more time off work for fun, buying smart investment properties can give you freedom to spend more time as you wish, instead of working all the time just to keep up with the rat race. This can be invaluable, whether you have young children, aging parents, or older kids who could use more one-on-one time.
Investing in real estate - especially when you’re talking about buying a second home in a highly desirable vacation destination - can also help you formulate exciting retirement plans. Investing in an income-producing vacation home that’s located in a place you absolutely love will afford you the option to move in permanently after retirement… But owning a nice vacation rental can also help ensure that you actually have enough money to enjoy retirement (wherever you choose to live) when that time comes, by providing secure, ongoing income that isn’t subject to stock market volatility.
Stay (or Get!) Active
When you make smart real estate investments, the income you collect can also allow you to spend more time doing things you love, and that includes activities that may have previously been beyond your budget, or that you simply didn’t have the free time to enjoy. And if you choose to invest in an income producing vacation home located in a top destination like Mexico’s Riviera Maya, the array of available activities and tours is virtually endless, with countless options that you simply cannot find anywhere else in the world!
Another major benefit of owning a second home that doubles as both an investment property and a vacation home comes with the comfort level this strategy provides. Of course, being comfortable on vacation is essential and having a familiar place to go will take the stress out of traveling. Instead of worrying about navigating unfamiliar territory, you can kick back, relax and enjoy time with friends and family in a place you feel safe and secure.
Finally, some real estate investments can expose you to a whole new world from a cultural perspective, giving you the opportunity to explore the area’s local culture and rich history. In the Mexican Caribbean, for example, many Mayan people still live and work in the Riviera Maya region, where there are also breathtaking ancient ruins just waiting to be explored. Vacation homes in the Riviera Maya are typically in high demand, and many expats have also decided to retire in coastal cities like Playa del Carmen, Puerto Aventuras and Tulum.
Now, more than ever before, it’s time to protect your assets! Stop losing sleep in the stock market and download our FREE guide, 6 Steps to Investing in Real Estate with an IRA Account.