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Old 06-01-2014, 09:07 AM   #21
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Location: Eagan, MN
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RE can be very rewarding, but make sure you know what you are doing. Know how to calculate returns. Get a RE license so you can get a built-in discount.

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Old 06-03-2014, 09:01 AM   #22
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Join Date: Sep 2013
Location: Tijeras (Albuquerque), NM
Posts: 1,273
If you can handle the hassles and tenant issues of rental properties, then have fun. I used to have some and decided that IRA's and other accounts are much less trouble. A rental property is not free money, it is a part-time job. The rate at which your PT job is paid depends on the rental and the amount of time you have to put in. I don;t like that most staes the tenants have more rights than landlord and you have no real recourse. Good tenants worth it, bad tenants spoil it for everyone else.

I would max out your pre-tax, to build up some IRA type savings and save the highest tax rate on that money; your tax rate in retirement is most likely less than current. Any left over put into real estate if you want.

I used to have a handle on life....... but it broke!

Semi-Retired 7/1/16: working part-time (60%) for now
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