Real Estate Investors

What Financial Advisors Can Do for Real Estate Investors

You can earn a lot of money during your career in real estate in part because of the decisions that you make. Building a retirement, future educational expenses or just positive cash flow all takes great financial decisions. There are professionals that specialize in helping to direct your earned income in ways you did not know existed. Learning what financial advisors can do for your investment property to grow your real estate business is a big help. It is these smart decisions that will contribute to your long-term wealth building goals. Whether you consider yourself financially educated or not, you can learn a lot from a financial advisor when you own real estate. 

What Financial Advisors Can Do for Your Investment Property

  •  Give You Tax Planning Advice

Accountants are excellent for explaining how you can take advantage of tax breaks on your earned income. These experts, however, may not give you advice on "how" to earn the income that you earn. You could have multiple assets spread out in several areas that you are paying more taxes on compared to condensing your investment actions. Each investment that you make to contribute to your financial wealth comes with a certain tax risk. Having a financial advisor review your current and past tax returns regularly can pinpoint patters of higher taxation that could help you keep more of your annual earnings. 
  •  Specialized Retirement Planning Advice

You could be earning more what you earn now when you retire but at a cost. Planning pre-retirement investments before you retire is a critical step that smart real estate investors make today. The risk of inflation is very high for retirees and the same dollars earned today will be less in the future without retirement planning. Financial advisors often specialize in key areas of investment planning. While one planner might give you excellent investment advice, he or she might not specialize in retirement planning. Hiring a financial advisor with extensive experience of retirement planning success can help make sure your retirement funds are actually there when you retire and you won't run out of money.

Rudin & Rubin Financial Group of Wells Fargo Advisors are here to help you through this transition from a real estate portfolio to a household investment strategies that may include various different assets to reduce investment concentration and focus on diversification and achieving family objectives for generations to come. 

Wells Fargo Advisors is not a tax or legal advisor. Any estate plan should be reviewed by an attorney who specializes in estate planning and is licensed to practice law in your state.