Want to retire right now and live your dream lifestyle, one that works within your budget and offers a variety of fun activities close by? Have you considered downsizing into a 55+ community? Here are my top 10 tips for homebuyers considering a 55+ community, an amazing idea to consider for anyone who loves dividend stock investing and financial freedom.
#retire #retirement #55pluscommunity
Timestamps:
0:00 Introduction
2:02 SEGMENT 1: 3 REASONS I LOVE 55+ COMMUNITIES FOR RETIREMENT AND FINANCIAL FREEDOM
2:20 BENEFIT 1: Geo and/or Downsizing Arbitrage (Free Up Money For Your Investments and Retirement!)
3:50 Key Point: You may be able to retire a lot younger by downsizing and freeing up cash in your existing home for investments (such as dividend-paying stocks).
3:58 BENEFIT 2: 55+ CommunitiesMake Everything More Convenient So You Can Enjoy Your Retirement More
5:41 BENEFIT 3: 55+ Communities Offer Peace-of-Mind
8:00 SEGMENT 2: TODAY'S VIDEO SPEAKS TO 55+ COMMUNITIES THAT OFFER DETACHED SINGLE FAMILY HOMES
9:17 SEGMENT 3: 10 TIPS FOR HOMEBUYERS IN 55+ COMMUNITIES
9:10 TIP 1: Realtor Vs. Buy Direct (Realtor is best for most)
10:42 TIP 2: Understand Easements (Especially Side Yard Easements)
12:57 TIP 3: Understand the Guest Policy In the CC&Rs (Covenants, Conditions, and Restrictions)
14:41 Ask questions, but ultimately what's written in the fine print matters the most!
14:47 TIP 4: Analyze the Community Map For Hours and Hours To Find The Right Lot
16:18 TIP 5: Understanding How Your Long-Term Needs Will Evolve (Plan Ahead Now)
16:24 Tip: Just like dividend stocks, I look at homes in 55+ communities as "buy and hold forever".
17:51 TIP 6: Will You Have Adequate Garage Space (Assume You Will Have To Park In Your Garage)
18:47 TIP 7: Ask Your Kids, Family, and Friends If They Want The Items You Are Getting Rid Of
20:08 TIP 8: Moving Will Cost More Than You Think (Budget Accordingly)
20:38 Your move will offer lifestyle benefits AND financial benefits too.
20:48 TIP 9: Plan For Your Financial Windfall (From Selling Your Old Home)
21:21 Opportunity: Dividend Stock Investing
22:20 TIP 10: Realize That Nothing Is Perfect (There Will Be Things You Don't Like)
23:15 Please share your experiences in the comments below if you live in a 55+ community!
24:13 DISCLOSURE AND DISCLAIMER
DISCLOSURE: I am long McDonalds (MCD). I own this stocks in my personal stock portfolio.
DISCLAIMER (applies to PPC Ian, IJL Productions LLC, and Greg): All information and data on my YouTube Channel, blog, email newsletters, white papers, Excel files, and other materials is solely for informational purposes. I make no representations as to the accuracy, completeness, suitability or validity of any information. I will not be liable for any errors, omissions, losses, injuries or damages arising from its display or use. All information is provided AS IS with no warranties, and confers no rights. I will not be responsible for the accuracy of material that is linked on this site.
Because the information herein is based on my personal opinion and experience, it should not be considered professional financial investment advice or tax advice. The ideas and strategies that I provide should never be used without first assessing your own personal/financial situation, or without consulting a financial and/or tax professional. My thoughts and opinions may also change from time to time as I acquire more knowledge. These are, as discussed above, solely my thoughts and opinions. I reserve the right to delete any comments for any reason (abusive in nature, contain profanity, etc.). Your continued reading/use of my YouTube Channel, blog, email newsletters, whitepapers, Excel files, and other materials constitutes your agreement with and acceptance of this disclaimer.
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