To: where's_the_Outrage?
Bottom Line, I would not recommend rental property as retirement income. Sell the property before you retire. Why would I sell something that brings a good income and excellent equity gains?
I got smashed by Ian. One of ny units is still down after 1.5 years... still an amazing investment that's worth way more than I paid. Once it's up again I'll be killing it.
To your point though, when buying real estate you need to be able to hold and maintain it. Proper long-term planning too.
The subject of this article is a total moron, who doesn't even seem to bother with math.
45 posted on
03/02/2024 6:30:02 AM PST by
AAABEST
(That time Washington DC became a corrupted, existential threat to us all...)
To: AAABEST
To your point though, when buying real estate you need to be able to hold and maintain it. Proper long-term planning too.
That is my point as there will almost always be times of no cash flow or even excess expenses, if you are a pensioner like me it can cut into your living expenses. When I worked the expenses were in the noise, not the same being retired and living over 600 miles (even 10,000 miles away) from the property.
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