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Updated over 10 years ago,
Time to Stop Investing.?
I am 73 this year. I was a real estate agent for several years. When I got my commission, I bought a new pair of shoes, and put the rest in the bank. My back up job was RN. When I retired in 2000, I moved to the poor part of Santa Barbara County, namely Santa Maria. I dropped my R E Lic.
I bought a new built home for less than half price, of Santa Barbara prices. That was in 2003. Then the bubble burst,...in 2009 I purchased the foreclosure next door for less than half price, of the original sale price . I have consistently purchased a single family , in the same area , I now own a total of 6 homes. I have come to the point where I can hire property management , with a good cash flow for my retirement. I am tempted to purchase a new build, at the same price as older homes are selling. I will require a loan this time< the question is SHOULD I STOP??