32 and wanting to retire in a few years - Page 4

wildcat · 12-08-2005, 12:05 PM

Sounds like you are a pretty busy person as it is...you may enjoy your free time more than you enjoy becoming a landlord.

tryan · 12-08-2005, 04:15 PM

... I would add - only rely on 50% of the rents to cover the mortgage and taxes.

Your other expenses (condo fee, maintenance, vacancy, utilities, insurance ... and - oh yeah - PROFIT) will eat the rest .

Do this and you'll be fine.

12-08-2005, 12:05 PM	#61
wildcat Thinks s/he gets paid by the post Join Date: Feb 2005 Posts: 1,896	Re: 32 and wanting to retire in a few years Sounds like you are a pretty busy person as it is...you may enjoy your free time more than you enjoy becoming a landlord. __________________ "These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"

12-08-2005, 04:15 PM	#62
tryan Thinks s/he gets paid by the post Join Date: Mar 2005 Posts: 1,454	Re: 32 and wanting to retire in a few years ... I would add - only rely on 50% of the rents to cover the mortgage and taxes. Your other expenses (condo fee, maintenance, vacancy, utilities, insurance ... and - oh yeah - PROFIT) will eat the rest . Do this and you'll be fine. __________________ FIRE'd since 2005

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