Starting your business is not an easy task. In addition, being an entrepreneur requires you to make constant decisions. Eventually, you have to decide whether you want to scale up or remain a small business. When faced with such a decision, you may be seeking ways to maximize your small business expansion. There are many ways to go about this, but here are some effective strategies that can help.
This post is for you, the high-income business owner, entrepreneur, healthcare or corporate professional who has an IRA and 401k retirement account in traditional custodial brokerages and holding stocks and bonds. There is nothing wrong with stocks and bonds for building retirement wealth, but if that's all you're doing, you're losing a massive opportunity to put real estate to work for a more comfortable retirement.
Investing in real estate can be an excellent way to diversify your portfolio, enjoy a steady stream of current income and build long-term wealth for the future. Even so, becoming a landlord is not for the faint of heart, and not something you want to rush into. Before you jump in head first and buy your first apartment building and get giddy because of the first rent check, you need to do some research and understand exactly what you are getting into.