will owning lots of rentals bring future wealth?

[Tracey B.]

I have had this debate on another board with investors as well as my hubby. What do you guys think about someone wanting to stack up lots of rentals as an investment so that in 10 to 15 years they can sell or continue collecting rent as long as feasible? My husband wants to buy lots of rentals because he says in 10 to 15 years he can sell them all and set up an annuity with the money he gets on the resale to live off of if he buys all the properties at fifty cents on the dollar cash and then refis to get his money out and keep repeating over and over again. Some other boards have said owning rentals will not lead to any kind of future wealth. What do you guys think?