How would you feel about investing in your future retirement before you reach that point in your life?
Knowing that we cannot turn back time — at least in this day and age — growing old is inevitable. So, how would you feel about investing in your future retirement before you reach that point in your life? Investing in retirement means more than securing a large IRA. It means putting that hard earned savings to work.
Growing your savings through investing in assisted living will help you reach your retirement goals faster and with ease because assisted living return on investment is usually much higher than traditional methods of investing.
The first members of our Boomer Generation started turning 65 in 2011 making assisted living real estate investing a large and growing market as a real estate investment. A report released by The Pew Research Center found that over the course of the next 19 years, Boomers will account for 79 million retirees, which equates to over one-fourth of the total U.S. population. Research also shows that every day about 4,000 retirees will be turning 85 and an average of 70 percent of those seniors will need roughly 3.5 years of assistance for daily living. Due to this shift in our population, retirement home investment opportunities and the industry as a whole as exploded. For example, in 2005, the commercial real estate assisted living industry was worth $139 billion. By 2020, it is projected to reach $207.3 billion. Residential assisted living, senior housing and memory care facilities, as well as nursing homes will account for more than two-thirds of revenue.
The growing of the industry is creating more assisted living investment opportunities, as well as for those that require special services. Most people are willing to pay whatever it takes to remain in their comfort zones. Residential assisted living provides such care as semi-independent living, transportation and, best of all, peer-to-peer relations. Additionally, investing in senior living facilities will diversify an investors portfolio and enable them to take part in this industry is phenomenal. Currently, operating a small residential assisted living facility can have a potential gross income of more than $300,000 in its infancy.
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