Are you a senior living in your own home? Are you equity rich and cash poor but still want independence? You are not alone and you could be sitting on equity.
We help seniors who may not have a pension , seniors who have lots of equity but don’t want the hassle or bills that come along with home ownership or seniors who may want to lose all the stairs and downsize to a bungalow- with out all the headaches.
How it works - we find a bungalow property that suits your need and rent it back to you or you can look and find a bungalow that you would like to live in and we purchase it and rent it back to you.
If you have equity in your current house this may be for you! You can invest 100% of the proceeds from your house sale with your own bank or investment firm and you use the monthly dividends or distributions to pay for your rent.
The idea is your money grows while you make small withdrawals monthly for rent and your own personal spending and we own the home and all of the hassles that come with ownership.
At Farrell Real Estate we have owned residential rental properties for over 20 years and have years experience and advice to provide.
We are happy to discuss this option with you over the phone or meet in person. We do not require or ask for any money- we are strictly providing our related experience when it comes to rental properties.
Here is an example of what this could look like for you.
You own an home with no mortgage or a small mortgage worth approximately $1 million.
You sell the home and after real estate fees and legal fees you are left with $900,000 to invest. You contact your bank or financial advisor and invest the money.
You tell them you need a specific amount monthly to pay for your new rent and they would make those withdrawls for you and deposit to your bank account.
The objective is your principal amount grows while the small withdrawls don’t impact your overall worth or investment.
All of this with no headaches or worry of home owner ship and a nice bungalow that you can age in with no more stairs!
If this sounds interesting to you feel free to reach out.
We have a bungalow that will be available in early 2026 which is similar to those in the photos.
Rent for a typical bungalow which is what is shown in the photos is $4000-$5000 per month as an example.
Thanks and looking forward to connecting.
Pat & Vanessa
519-362-2671