My father-in-law is on the verge of retiring and is interested pursuing a business after retirement.

So, I am trying to figure out a strategy for a 26 y/o that can realize goals of passive income and early retirement, I just don't know the first step.

So, I am trying to figure out a strategy for a 26 y/o that can realize goals of passive income and early retirement, I just don't know the first step.

Anyways, right now their having trouble processing the idea that they lost over $100,000 in payments from this foreclosure, that their going to be without a home of their own for awhile, and any home they buy is going to be a fraction of what they used to own based upon wanting it paid off before retirement.

I'm just getting wound up, but I plan on making a future and definitely a retirement out of rental property.

Expenses should be rather stable and increase along the lines of inflation.Look to salaries or executive director expense, is it customary for the size of the project?

The big pluses engineered hardwood are:it is more stable than traditional hardwood, so are less likely to cup or twist;is more sustainable to produce than traditional hardwood (makes resources go further);some are available with installation methods/systems allowing for easier installation than traditional hardwood.

A key detail I discovered on posts here is that I would not be able to roll from my Roth type retirement (which is the majority of my retirement).

My parents purchased some farmland in Blakely Georgia 10 years ago, with the intention to eventually retire and live there.

Try to get and keep some momentum going so that you are diversified across a few projects/properties to reduce your risk.A lot of people on BP dislike borrowing from family, but if you know people who are at the start of retirement, it can be a win-win for them to pull out some of their retirement savings and loan it to you to get a steady income stream back.