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My really really really vague advice would be to invest wisely, buy low and sell high and if all else fails you can rely on panhandling! just kidding good luck and enjoy the retirement!
I guess you're right. My idea of retiring is not being dependent on income from an employer.
But then again I am 26 so I'm sure that tune will change.
Yeah well at 26 and owning 10 row houses to manage that is a full time job. Your employer will be your tenants. Yeah they pay you but you have to provide decent service for that housing that they are paying for. A bad landlord is going to attract bad tenants.
Yeah well at 26 and owning 10 row houses to manage that is a full time job. Your employer will be your tenants. Yeah they pay you but you have to provide decent service for that housing that they are paying for. A bad landlord is going to attract bad tenants.
True and well said. I guess retirement would be obtaining and selling all the properties in time for the next housing bubble .
Charles.....
Get - Out - Of - The - Stock - Market
We are riding high folks, on printed money, but at some point the party is going to end. Now is the time for you to get conservative. Sure you may miss out on another year or two or 5 of stock market gains. But if and when the market crashes it won't be YOU left holding the bag. I have been in bonds for 3 years, at least 90% of holdings. Sure I dabble a little with stocks but bonds have been and will be a much better bet.
True and well said. I guess retirement would be obtaining and selling all the properties in time for the next housing bubble .
I am not sure when the next bubble is but I will say at 26 and owning property to manage is not a bad gig. You have a steady income if your tenents are paying. It means managing money. Buying houses to flip them that are rental properties are not good investments. I went down that road as well. For every seller then there needs to be a buyer and multiple ones to get a better price. Otherwise if you don't get your price you are holding it. If you are holding it your money is tied up in the property.
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