Originally Posted by dvalley
The rest of the lump-sum I think I'll be investing it in the market in the next three months. However, since no one suggested using the cash to buy an investment property etc (which can return some nice dividends during the retirement) I'm curious why not? Is it because the general consensus is that the stock market will produce the highest returns?
Rental even with a property manager is a part time job. I have 3 out of town properties In the last 3 months.
I have evicted tenant
Spent almost 3 months rent repairing the damage to the unit.
Dealt with turning utilities on and off
Filed a police report for the theft of a water heater, filed a insurance claim
paid 3/4 of month rent in HOA violations.
Emailed HOA violation to my good tenant.
Negotiated with the HOA for fine on my bad tenant but paying tenant on my 3rd property
You can make a lot of money with real estate and it really is function of where you live and your local real estate market. Plus your skill in assessing properties, figuring out what you need to do to maximize rent, and working with contractors, and your property manager.
(I can't recommend out of town property based on personal experience)
Now there are still so good RE markets I am sure...but the time to buy was a few years ago in most markets. Even then unless you used leverage you made more in the stock market.