Melissa Johnsen, Investment StrategistRent to Retirement

A cash-out refinance typically doesn't count as "earned income," which is the type of income that would impact Social Security benefits, especially if it's related to retirement or survivors' benefits.

That said I’ve  taken an interest in Turnkey properties with two companies in particular standing out which are Mid South Home Buyers and Rent 2 Retirement.

Your borrower now owns the property subject to your loan and is to retire your loan per the terms of the note.  

The property was empty for 2 years and the seller was retired and did not want the maintenance therefore looking to get rid of it (2-unit building in front and ADU in back).

Examples of liquid assets that can be used for a contingency fund include:Cash in a bank or savings accountStock or bond investmentsCash value of an insurance depositMoney in a 401K, IRA, or other retirement savings accountCertificates of depositLet’s say your monthly payment for a mortgage is $1,500.

I want this to be a vehicle for my wife and I to gain financial freedom and grow a portfolio to support the lifestyle we want when I retire. 

The closer you are to the retirement, the more you should focus on rental properties.

Retirement planning is a journey filled with valuable lessons, and as a real estate investor, I’ve learned some crucial insights that I wish I had grasped earlier.

This is by design because I realized I was very far behind on my retirement savings and had to take drastic measures or I was going to end up working until I die.