Sell, Rent, or Borrow? Best Ways to Use Home Equity in Retirement

04/02/24 • 24 min

Listener Ray is wondering what to do with his home as he embarks on a nomadic, van-life journey in retirement. Should he sell it to finance his travels or retain it for potential appreciation and cash flow?
James explores the nuances of home ownership as an asset versus an investment. He considers cash flow and leverage as he looks at Ray’s three options – sell, rent, or borrow – while emphasizing aligning financial decisions with personal goals and aspirations.
Questions Answered:
Why shouldn’t I consider my home an investment?
What are the key financial considerations for retirees when deciding whether to sell, rent them out, or explore other options?
Timestamps:
0:00 - Ray’s question
1:56 - Why a home isn’t an investment
4:38 - Do you want to be a landlord?
8:22 - The financials
10:14 - Asset appreciation
11:30 - Cashflow
15:04 - Leverage
19:02 - What should Ray do?
20:33 - Reverse mortgage

Create Your Custom Strategy ⬇️

Get Started Here.

04/02/24 • 24 min

2 Listeners

Ready For Retirement - Sell, Rent, or Borrow? Best Ways to Use Home Equity in Retirement

Transcript

Speaker 100:00:00.201

On today's episode we're going to be responding to Ray , who wants to know what he should do with his home as he prepares to retire and travel the country . Should he sell it and use the proceeds to live on to fund some of those travels , or should he keep it , taking advantage of the appreciation over time and potentially accessing the equity in another way ? All that and more

Generate a badge

Get a badge for your website that links back to this episode

Select type & size

Copy