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Updated almost 2 years ago, 01/25/2023
Financing Properties in Retirement
I'm wanting to generate some cash flow for my retirement years that will begin later this year.
I have purchased one rental home that has generated $400 per month the last three years. I owe about $100,000 on my $450,000 house; the mortgage rate is 2.5%.
I also have a million dollars in retirement savings.
My question is this: will I be able to finance rental properties in retirement since I won't have a job but only investment income?
Thx for any help offered.