He's a retired Coast Guard commander who ran a survival school based on very, very primitive skills.

But if they have minimal retirement savings (less than some number pushing or over a million) and has not been working, taking on a big debt at this point is going to be a HUGE and long-lasting lifestyle change.

One of them is that every piece of Real Estate is OWNED by someone or some entity (bank, government, insurance company, retirement fund, etc...)

Especially if te account owner is +50 years old and wishing to secure their money until retirement.

Every buyer I worked with, I was thrilled to be able to find them their first home, a house for their family, a retirement property, and every seller to be able to accomplish their goal, etc.

That gives the lender the right, but not obligation, to call the loan.Ways to come up with more cash include:- Borrowing from a 401k account (puts your retirement at risk)- Borrowing against existing property (puts your existing property at risk if the rental goes bad)- Selling stuff- Cutting spending and increasing savingYet another approach is to buy a property using hard money.

There is not a simple answer to your question as just like tax planning the real estate planning and what is best for an individual depends on where the investor is in the investment cycle and years to retirement among other things.

As far as the investing side i am fairly new to the investing part just researching and looking to get started rehabing house for extra income short term goal, long term goal is to be able to purchase house for flipping or renting to be able to retire from current job and do it full time and then pass it down to my kids so as they can share in my dreams.

Now that the kids are grown, we've downsized, turning that tax-free profit into more investment property, and moved into something we can turn into another great rental when we buy a permanent retirement home in the next few years.

My goal is to retire young from rentals and other investments.Hope to make great new contacts here and to learn a lot,-Steve