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Updated 11 months ago on . Most recent reply

User Stats

49
Posts
17
Votes
Randall Cornelison
  • Investor
  • Denton, TX
17
Votes |
49
Posts

Rubbing my chin . . . contemplating a new course . . .

Randall Cornelison
  • Investor
  • Denton, TX
Posted
Hello all,

I currently have a few single family rentals in Oklahoma with some good equity.  I am 55 yrs old and would like to increase my cash flow to ensure a more stable retirement . . .

We all know SF rentals are a "slow but sure" way, so I am considering leaving that strategy.  Hypothetically, I could sell all my rentals and put the equity into something different, such as an RV Park/storage, self-storage, mulit-family, mid-term rentals . . .

Bottom line, I would love any advice anyone has to offer.  I know I can and should use that equity . . . so "what would you do?"

Thanks in advance!
Randy

Most Popular Reply

User Stats

266
Posts
311
Votes
Guy Yoes
  • Rental Property Investor
  • Springfield, Mo
311
Votes |
266
Posts
Guy Yoes
  • Rental Property Investor
  • Springfield, Mo
Replied

@Dave Foster

Yes Dave Tammy and I are still kicking and knocking on some doors. I will be 63 next week and am fully retired. The children are managing the properties. All of our properties were bought with 1031 and are debt free. Thank you for your guidance through the years, 

Personally, I think being debt free is the best way to get a good night's sleep. We spend our time traveling and playing with the grandkids. 

@Randal Cornelison

Stay the course. Do what is working for you. Grow when you can and have patience. Best of luck from one Okie to another.

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