The sale of our current home of 15 yrs would allow us, after paying off the remaining 15 yrs of the mortgage, to buy a smaller home with cash and have plently of cash left over to save or invest.

If anyone is interested in partnering up to buy two tickets together (and save some $), please let me know

My partner will be more in charge of the labor work, doing what contractors aren’t needed to do while I help to save some money on expenses and rehab; and also just to learn and gain knowledge.

Working a long haul to a late retirement doesn’t seem likely that I’ll have much enjoyment when I finally reach that. 

Hi @Patryk Sommer,Save the extra 1.5% down to reach the 5% down minimum on a conventional loan.

But the mil is on a fixed budget, retired and does not meet the DTI.

I have a list of local banks saved that I can start contacting.

Depreciating retired assets is technically tax fraud.

I've heard anywhere from $500-$1500.I'm serious enough about RE that I want to be my own agent to save the percent or two on future properties, but I won't be ready to buy another one for a while.

*I can post me details about the specific property if anyone wants that kind of detail but I'll save that much info until someone ask for it