This was their life savings, so I didn't accept their money for myself, but I did set it aside so I can figure out a retirement strategy for them.

you're never "financially free"...whether you're rich or not - you've still got to manage your money/investments/business - and when you retire - you've got to pass it on to someone who will continue your efforts - cuz you don't take it with you!!

Retiring with a rental fleet has always been a dream of mine but this market makes it hard to get started.

As my father and my father-in-law both entered the retirement stages of their lives, I saw the wisdom in how both of them had acquired some sort of secondary real estate related income property.

I came upon a deal of a senior couple looking to retire.

Pleasure to meet everyone, my name is edwin and I was born in manhattan in nyc and now live in the bronx near westchester county and 1 hour away from connecticutI am just getting involved in real estate investing with my partner looking to learn and possibly get into this f/t just not quite sure what area will become my main area of investing My primary interest at this moment is learning the preforecloure market for nyc and connecticut area, wholesaling properties to investors initially to investorsI am in my 50's and need to find a way to create a retirement fund through possibly rental properties so this becomes part of my retirement monies coming in since I do not have anything at this moment lined up for retirement, can't afford to make to many more mistakes...

Then we know that there are other investors who will be more willing to mentor and capitalize on a extra set of eyes and ears bringing them deals already under contract, regardless of the fact that they are creating competition since they can't stop what is going to happen any way, so why not capitalize on 2 men that can add to their bottom line profit and utilize that money to reinvest in other projects.I am getting into investing because I have an interest in real estate investments and to prepare my self for retirement.

He had about $1.8MM (that's million) in stocks/bonds etc, but mostly in retirement type accounts, plus another $1.5MM in real estate plus a couple of boats etc.

Its an older couple that want to retire, they will take back 20% of the loan, I've done the numbers over and over and it cash flows after debt about 6K.

I'm trying to figure out how I can retire and live off my real estate investments $500k is a lot of money to me, but I have another $100k in cash for living expenses / emergency fund and another $150k in non-liquid assets.I'm hoping I can let my real estate holdings grow on there own for the next 5 years or so.