Baby-boomers need to consider  why they should own real estate as they enter into retirement. Here are a few that I can think of:

1. Buying real estate now, at rock bottom prices, you will have the opportunity to see your money grow as your equity grows. The huge amount of people facing foreclosure will keep them out of the house-buying market for about 7 years. That will be 7 years of a booming rental market where you should have few problems finding qualified tenants to make your mortgage payments for you.

2. You can always sell it if you need cash. When you buy real estate low enough, you have the comfort of knowing that you can always sell it quickly if you need to.

3. Tax deductions! There are a lot of ways to deduct taxes from investment properties. Did you know that you can write off DEPRECIATION from a rental property that produces an income?

4. Snag that smaller place just incase. You may be living in that big house and the kids are leaving for college. You want to downsize but now just isn’t the time for you to move out. Take advantage of todays low prices and lock in that dream cottage! Go ahead and buy it, enjoy the tax breaks and the positive cash flow from a renter while you wait. When the time is right and you’re ready to move, you already have plenty of equity in the house. You can either enjoy that in the form of a home equity loan, keep it where it is or even use it to refinance so that your monthly payments are much, much lower.

http://mbradford.blogspot.com/2007/12/retirement-with-real-estate.html

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