Updated almost 4 years ago on . Most recent reply
Using rental property to set up for retirement
My wife and I are thinking about selling our home, moving into an apartment, and using the proceeds from the sell to purchase a property at the beach that we can rent for the next 5 to 7 years and them move into when we retire. This would be our first endeavor in real estate investing as well as first time in the rental business. Is this a bad idea?