(August 2022)
Single-family residence buy & hold investment.Current Value Estimate: $410,000

Purchase price: $345,000

Cash invested: $5,000

Class B properties are a solid middle-class mix of both white-collar and blue-collar tenants.

What a tremendous accomplishment at such a young age. 

I will return to this situation in the end of this post, but first let me show you why the age of a person can be tricky when it comes to the IRS.

My sons are of homebuying age but the barriers to entry are so much higher than they ever were before.

I'm a guy approaching middle-age, living in Chicago.

What they said.....everyone over the age of 18 has to have a background/credit/ ID verification and sign the lease.

Based on the knowledge and experience you have, would you consider this strategy if you had to go back at my age?

Hey @Max Smetiouk, so a soaking tub in the master bath is a nice thing to have, in the middle of the room, no so much.

With that in mind, I’m considering purchasing four rental units over the next four years to build a stream of income that could help supplement my retirement by age 68.The challenge I’m facing is that the deals I’ve come across so far don’t make financial sense.