Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

21
Posts
5
Votes
Priscilla Davenport
  • Investor
  • Lansing, MI
5
Votes |
21
Posts

Should I sell, leverage or continue to rent paid off properties?

Priscilla Davenport
  • Investor
  • Lansing, MI
Posted

I own 4 paid off properties, a paid off primary residence and one rental with a 50 grand balance. The appraisal on all properties is a little over 500 grand. Ive bought mostly 30-50 grand properties in cash but paid my primary of in 15 years. I would like to retire from my govt job in about 2-3 years. My properties gross about 4,000 monthly and I expect half of that after expenses to supplement my pension and small 401K. Ive been getting advice to leverage properties to buy more to help further my retirement plans with more additional cash flow. Is this something to consider just before retirement? Or should I just stay the course Im on with paid off properties and retire as planned?

Loading replies...