Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: David Diaz

David Diaz has started 0 posts and replied 2 times.

Post: Sell and retire, or KEEP and retire?

David DiazPosted
  • Contractor
  • Los Angeles, CA
  • Posts 2
  • Votes 0

@Kenneth LaVoie

So I am 30 and far from retirement myself however I think about what I will do with my investments when I’m older as well as think the reasons why I am creating wealth.

Simple answer for me is financial freedom. I am investing now and making moves so that I can retire within the next 10 years(hopefully not to aggressive goal). I might not retire at that age but at least have the option to if I wanted to. My second goal is to build a steady income for myself but also to have my future kids be a step ahead of most people with the investments that I left behind.

I guess long story short is, think back when you first started to invest and what were your goals back then. Did you invest to have a steady income for retirement? Do you have kids? Would you want them to be a step behind or in front of everyone? A property will always go up in value eventually and is in my opinion the best investment you can leave behind.

Maybe another option would be to sale the properties that give you the most trouble and take most of your time. If you were going to sale this is the best time to do so but again maybe only getting rid of those doors that don’t let you enjoy retirement.

Good luck with whatever your decision is!

Post: Rental property advice

David DiazPosted
  • Contractor
  • Los Angeles, CA
  • Posts 2
  • Votes 0

@Percy Matsunaga

I’ve also learned from our bigger pockets podcast that if you lived in the property for two years in the past five years you would be able to take a tax break. It’s worth discussing it with tax personnel if anyone decides to sale there home.