I’m evaluating if I can afford a decent one-bedroom property in NYC using my existing equity and income, all while pursuing career ambitions and a 58 retirement target. Advice?
Having explored real estate investments firsthand, I believe that retiring at 58 with the help of real estate is achievable but requires diligent planning and flexibility. My experience suggests that making sure your property does not overly restrict your liquidity is crucial. The dynamics of the NYC market can be unpredictable, so it is important to focus on properties with reliable rental income and solid growth potential. Thoroughly assessing long-term cash flow, maintenance costs, and market trends while setting realistic expectations will be key to meeting both your career and retirement goals.