Quote:
Originally Posted by mikester
the idea is that I want a bigger house but I don't want to sell the house I have. I would prefer to keep it and possibly build up some real-estate investments.
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I wanted a bigger house and COULDNT sell the house I had. So I was forced to stay or become a slum lord. Now I am on my 4th house, and the 3 rental incomes pay over half my current mortgage.
And since I was always purchasing a new primary residence versus a rental property, interests rates were lower and all 4 were ZERO out of pocket. (2 80/20s and 2 VAs)
Couple of bad months here and there, but over the long haul, probably the best retirement plan I have. Every year I make a little more on rental income, and by the time I retire I should brake even on rental income / mortgage payment.