While many retirees that will be moving to Florida will be able to do so because of pensions and retirement plans, there are many others that have no retirement plan at all or need additional income during their retirement.

Real estate can be a wonderful investment for your retirement future. In the Cape Coral market properties are cash flowing and rentals are in great demand. Couple that with beautiful waterfront and sunshine and you have the makings of a great retirement-investment destination.

Rental homes are currently going between $70,000-100,000 and rents are between about $750 and $1000. Pool homes are higher and command rents up to $1300.

If you are just starting out in investing, work towards purchasing your first rental. You will need good credit and about 20%-25% downpayment. Once you acquire it, the tenant will be paying off the other 75-80% as long as you keep the property rented.

For those of you selling assets in the state you are moving from, you can do a tax free 1031 exchange of your investment property there for ones here. 

With roughly $200,000-250,000 you could secure 10 rental homes and let the tenant pay them off for you. Or with $750-$1,000,000 you could buy them outright and have income in the years to come that beats the stock market or savings or IRAS.

Now is the time to buy. I believe that eveyone can secure their futute in 4 steps.

1: Pay off any consumer debt

2: Own your own home and work towards paying it off by retirement

3: Purchase 10 rental homes that can be paid off by retirement

4: Hire MTM Real Estate Corp to assist you in selecting, rehabbing, renting, and managing your investment egg. We are here to help.