Augmenting Your Retirement Income With Investment Properties with Abigail Doody, CFP

EP 006: On this episode of The Retirement Success in Maine Podcast , we are joined by our teammate, Abby Doody. Abby is an Investment Consultant and Certified Financial Planner (CFP) at Guidance Point. Abby also has a personal interest in income-producing real estate. Why are we talking about real estate in regards to Retirement Success? It seems many of the clients we work with have an affinity towards buying properties with the idea of providing sustainable income over the remainder of their lives.  But is it that easy? What are some things to know about buying properties in different parts of the State?  How does this work to sustain her version of success in retirement?

What You'll Learn In This Podcast Episode:

• Introduction of Abby and her origin story. [2:03]
• Discussion about Abby and her husband’s interest in real estate. [10:46]
• What should one think about when finding the right tenant and location for the property? [15:12]
• Abby talks about property #2. What led Abby and Casey to purchase another property? [24:50]
• Will Airbnb affect/play a role in their properties? [28:35]
• Discussion about Abby and Casey’s a-typical situation when it comes to their property locations. [35:19]
• Abby discusses their third property and the “master plan”.[37:11]
• What happens when the math just doesn’t add up?[42:25]
• Moving to retirement success, how does the selling of rental properties work? [46:38]
• Abby’s personal idea of Retirement Success in Maine. [53:55]