Some data supports that my parent's generation (the baby boomers) are STAYING PUT as that generation is approaching retirement age.

Interest rates are low and the are is projected to remain stable over the next 10+ years, so I feel confident in always having a good tenant to rent to.

Matt, we are in process on a 6.2 CAP (to investor) stable asset with a fortune 100 tenant through 2030.

Its had a stable tenant in house for around 4 years.

Real estate is among the most powerful, stable, and simple investments.

How difficult is it to obtain a cash-out refinance on a property for someone who is retired?

How difficult is it to obtain a cash-out refinance on a property for someone who is retired?

@Rich Ramjatan thank you for responding.After 19 years I'm back on the field because our good work ethic boomers are retiring and haven't found a new wave.On a "try out" of partnership with my 10 plus year sub hanger, since the work force ain't around.Don't make me wrong I love doing it but I know I need to concentrate more on current and future customer to keep the name customer relationship healthy !!

Because of the location/rental market (and to leave open for parents to retire at residence in 4-5 yrs) we had planned to start this condo as our first rental property.

The low cash down offered by the lender in conjunction with the stable neighborhood made it an attractive investment.