Diversify your investments across both real estate and a 401K.
Recently, a lot of clients have asked me, “Should I put money into a rental home or into my 401K or IRA?”
First, you should always look for tax savings and consult a financial advisor. All the tax savings you can get by talking to a qualified financial advisor are good options. I highly recommend a 401K or IRA account, especially if you have a matching program with your employer.
However, I think real estate rentals are great as well. You can save a lot of money with depreciation, but a 401K and IRA remain a great way to shelter your hard-earned money. I recommend you do both.
Talk to your financial advisor, and if you have any other questions regarding real estate, reach out to me by phone or email. I look forward to hearing from you.