Real Estate Investing in Your 50s - MFI Series1, #86 - E-book - ePub

Our 50s should be a time of relaxation and enjoyment. We worked our read-ends off during our 30s and 40s to ensure we could start decompressing in our 50s. Along with that sentiment, our 50s seem like a perfect time to start deleveraging our real estate assets. This means converting our real estate gains into other passive resources like dividends. If we don't want to sell, we can also pay down the principal on our homes.
This allows us the security of having no mortgage payment and will enable us to keep the assets. Finally, we need to integrate our children into our business and real estate discussions. If we want to keep the assets within the family, our children need to become responsible for our properties. These courses of action lead to us spending less time with real estate and more time with family. What a time to be alive!