They retire officers early too, ask me how I know!

Sharon VornholtOriginally posted by Sharon Vornholt: You want to be the last man standing.Or woman as the case may be.....Sharon, I think of the ones that want to do a one and done, or get frustrated after just a few mailings as victims of PowerBall Marketing Theory.Not alot different than using the lottery as your Retirement vehicle...

Here is my take and it may seem bold for a new investor:I learned a lot retired buyer/ investor of like 399 homes in person.I have read a great book on real estate, BP forums.I have gone to the auctions....and you are right many are REO'd.Prospective single home to buy: 3 of 4 homes orig. principal <101-110k--and likely the 4th too.

His whole premise is saving enough to retire early (for him the magic ages was 30), but he has some interesting ideas on saving money.

Likely will not sell anything unless there is some major unforeseen circumstance that eliminates all my stock/retirement funds.Goals: Have some fun, create additional 40-50k/year annual cashflow in next 5 years (I'm thinking this means damn close to outright owning another 3-4 apartments in the next 5 years).I look forward to learning from everyone here, possibly even over a beer!

As for me, I am rapidly approaching seventy years old and ten nicely cash flowing properties would provide and excellent retirement income.

Originally posted by @Betty Carson:how do a move a 401k account to a self directed ira so I could purchase a home Hey Betty,If you mean home as in a primary residence for yourself, the best option for using retirement funds is to leave them in your 401k and take advantage of the loan provision (most plans have one), You can take up to $50k or 50% of your vested balance as a personal loan, usually at prime +1-2% for a 5 year term, and you can use those funds for whatever you like, including purchasing a primary residence.

There are several banks out there that do non-recourse loans to retirement plans.

But life goes on and I knew Tom would want me to "suck it up" and get back to work and that's just what I did and over the next three years our manufacturing company was very profitable and I was made a very lucrative offer to sell the company so I did and at the ripe old age of forty I was retired.

I received a call today from an executor with a home in a nearby retirement community.