28 October 2015 | 6 replies
However you can't retire solely on net worth, you need cash flow from these properties.
25 June 2018 | 31 replies
It's your retirement nest egg- do your homework to be sure you're working with a company that's going to work to protect the tax deferred or exempt status of your IRA throughout the lifetime of your investment!
2 November 2015 | 6 replies
After 10 years, your rents have gone up and you've normally made enough repairs to the building where you can really start pulling out 250-500/mo.What happens to many beginners is they don't understand that long term nature of rentals and think they'll buy 3 or 4 and be well on their way to retiring in 6 months.
31 October 2015 | 2 replies
I retired from state government IT management end of May 2015.
11 November 2015 | 7 replies
Long story short I'm fairly comfortable at this point in searching for single family or multi family deals to buy and flip but what i'm looking to do is effectively be able to retire if i chose to do so in the next 12 months.
7 November 2015 | 4 replies
Hello Everyone,So…my wife and I bought a 4 unit property about six months ago, using conventional financing(20% down).We have added some value, and are making pretty good money(finally…took a few months).The people we bought the property from was an older couple who own about 5-7 other rental properties.They retired and sold their farm, and rolled the proceeds into rental properties.Our apartment building was the first thing that they had sold.This week we received a phone call from them, asking if we were interested in buying any of their other properties.They also mentioned that they would be open to owner financing with as little as $1,000.00 down, simply because they liked us, we gave full asking price for the apartments, and we remind them of a younger version of themselves.I don’t really want to try and buy ALL of their properties, as all but 2 are located an hour from my home.One of the properties is a good deal.It is a duplex, and they want 66k for it.Rent is around $1050.00 per month.It is two houses on one lot.
9 November 2015 | 6 replies
He is retired, can't pay his bills.
5 November 2015 | 4 replies
Ive been working/managing for a large retail company for the last 22 years, looking forward to transitioning out of the corporate world over the next 10 years to enjoy an early retirement...hopefully.
15 November 2015 | 6 replies
Hi all,I've been lurking around for a bit and have found some very helpful people so far. I live in the Greenville, SC and moved here for work. Currently I have a SFR (my former residence) rented out for a healthy pro...
8 January 2016 | 15 replies
I prefer lower risk investments in my retirement accounts, vs rentals.