If we look back to 2004, 20 years ago, we had just survived the dotcom crash and we're starting into the early years of the Housing bubble.in 20 years, gen x will be well into retirement hitting their own Silver Psunami, if you will. 

Perhaps you should take a small step back and spend a few months saving a little more for your reserves before attempting to buy the next one.

Hey All,Quick question, this may be a standard strategy, but what is the best plan when you start thinking about retirement and you own real estate.You can't eat equity.

I have been watching my local market the past couple of years saving money and building credit for my first property.  

We are seeking investment in this area as it is near family and our anticipated retirement. 

If you want to buy real estate and can't come up with the down payment funds there's two approaches:  (1) save up until you can afford the down payment; or (2) raise LP capital*.

Once I close I will be out of capital for a bit until I can get enough saved for another down payment.

My father is pretty close to retiring and has had a very successful last couple of years of his career.

It is a mechanism towards retirement. 

My rule of thumb is a .5% savings to refi so I'd want to get you at least to 6.250 or lower.