Bring family back home. In Hawaii, we have been brought up to raise our family and take care of our family throughout life.
Bring family back home. In Hawaii, we have been brought up to raise our family and take care of our family throughout life. Bring older parents or grandparents or adult children back home, providing them a separate space for themselves. Senior housing is extremely expensive, $5000 to $12,000 per month. Now you can have your older family members live on your property, saving money and allowing them to enjoy the whole family being together daily.
Additionally, you have the opportunity to downsize when you are ready to retire and travel the world. You rent out the big house and move in to the tiny house, creating more monthly income. This will allow your family to retain the property for generations to come and enjoy price appreciation.
Think about this…. You rent the tiny house out for the next 4 to 6 years and you’ll get your investment back. Everything after that is pure profit, or a free place to live for the family.