Retirement Talk
Retirement Talk
Out of context: Reply #5
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- aslip0
I have no plans for retiring, just other passions/careers to pursue until I croak. My wife had a 401k with her last job that we've effectively rolled over into a self-directed IRA to fund some real estate deals. I made a commitment a few years ago to buy as many rental properties as possible (at deep discount). We plan on continuing to build the rental portfolio and to create other passive-income businesses.
- We own a rental condo, and I'm trying to start planning around investing what we make a year, about $10K, into something with good long-term growth potential.mg33
- That's great that you're doing that. I've got a few friends that own rental properties and it seems like a great plan. Are your places paid off?mg33
- We have a strategy that relies on borrowing private funds, renovating, then refinancing. This allows us to have at least 20% equity.aslip
- As long as the numbers pan out to be $300+/mo. coming in (after expenses), then it works. We bought 3 last year, and already 2 this year so far. Looking to moreaslip