Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
2 or more homes
Old 10-18-2004, 01:44 PM   #1
 
Posts: n/a
2 or more homes

I'm planning on retiring in 6 years at age 50 and own a house in Chapel Hill, NC and a condo on Kure Beach, NC and plan to live at both places off and on. Has anyone else kept 2 places in retirement.

K. B. Sharkstooth
__________________
  Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: 2 or more homes
Old 10-18-2004, 02:25 PM   #2
 
Posts: n/a
Re: 2 or more homes

Yes, we are keeping 2 places in retirement, but we are working it out on the fly. Our main home is waterfront
in northen Illinois. We also own a condo in north Texas
on Lake Texoma. So far, the condo is just a rental with
pretty good positive cash flow. We would prefer to use
it ourselves, but circumstances prevent this so far.
I never planned for "snowbirding" as I was convinced
we could not afford it. Now, not so sure, but I do have
a certain lifestyle which must be maintained. Not sure
if this is doable. For one thing, I MUST have a large
power boat. This is non-negotiable!

John Galt
__________________
  Reply With Quote
Re: 2 or more homes
Old 10-18-2004, 03:46 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: 2 or more homes

We have two but we're going to be selling my wifes old house as soon as I'm done painting it.

I think you need a heck of a fund reserve to maintain two homes in ER.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: 2 or more homes
Old 10-19-2004, 04:25 AM   #4
 
Posts: n/a
Re: 2 or more homes

Hi John, I rent my condo out during the high season and that covers 3/4ths of the costs. It's only 2 1/2 hours away so we go down every other weekend off season. When we retire we hope to spend weeks at a time at the beach.
I think you've got the right idea buying places on the water. They seem to appreciate more than other properties. I paid 70K 6 years ago for my place at Kure Beach and now it's worth 300K.
I would like a big boat but would have to sell the condo to buy the boat.

K. B. Sharkstooth
__________________
  Reply With Quote
Re: 2 or more homes
Old 11-23-2004, 05:01 PM   #5
Thinks s/he gets paid by the post
BUM's Avatar
 
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,778
Re: 2 or more homes

Our townhouse-by-the-sea is VERY rentable but at this point I feel like the papa bear, "Whos been sleeping in my bed?"

So far I'm resisting the temptation to rent.

BUM
__________________
In a panamax down by the river.
BUM is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How do people secure their homes while traveling (especially in winter)? magellan_nh Life after FIRE 40 02-11-2007 04:57 PM
Hurricanes/wind/and round homes katfish Life after FIRE 26 06-15-2006 05:31 PM
Second Homes 40% of Market REWahoo FIRE and Money 16 04-07-2006 08:08 PM
Manufactured vs modular homes ferco Life after FIRE 32 01-27-2006 02:11 PM
Homes wash away after Missouri dam fails REWahoo Other topics 4 12-14-2005 02:03 PM

 

 
All times are GMT -6. The time now is 09:06 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.