All Forum Posts by: Charles Perkins

My long term vision was always about retirement.  I never saw RE as a passive activity, knowing that my criteria necessitated active involvement.  I didn't seek doors, but rather long term appreciation and cash flow to sustain and subsidize income.  I've achieved the goals I desired.

I agree with @Joe Villeneuve

 While averages can be a rough guide they can hide what happens in communities which can widely fluctuate from the average.  As long as an investor is aware of this it can't hurt.

I'm quite happy to have the 1 million in equity.  Of course the equity of my choice.  I see the question as being invested or on the sidelines.  

The real risk is your rental pool.  Some areas can become harder to rent in a down market. Some areas can experience rental rates that decrease.  It is a very good idea to become familiar with your housing market now and historically.

I've met plenty of people with health issues, but haven't met that many investors with health issues personally.

I don't believe RE investors are more prone to health problems.  Stress, work habits and work environment all have something to do with health and are common place in many jobs.

Over My lifetime I certainly have used various income streams some of which I continue.  

The primary vehicle is real estate which is my business income and other streams are incidental.

Glad to see new investors getting into the market.  Tell us a little about your experience, the criteria that was important to you in deciding to pull the trigger on this property.  

The property certainly has street appeal.

State's also have there own estate taxes which are often quite different from the federal estate rules and laws.

@David Krulac

It's fascinating to hear your experience investing in condos.  Condos have never been part of my investment strategy but it is interesting to hear how they have worked for someone.