Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Re: Buying a rental?
Old 07-29-2004, 10:16 AM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,324
Re: Buying a rental?

I hate to say this because I don't know the numbers but I remember three of four absentee landlords(all retired engineers from my old plant) have one or more Houses in CA kept from their working days. One in FL. A mixture of sons/daughters and rentals. I remember some saying they were a fall back nest egg booster(mostly bought in the 60's and 70's).

Ken - a widower(70ish?) remarried a younger woman, sold six houses in CA, and bought a bed and breakfast place near the French Quarter. Not an ER type for sure.

unclemick is offline   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 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: Buying a rental?
Old 07-29-2004, 02:18 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
Join Date: Apr 2003
Location: Hooverville
Posts: 21,831
Re: Buying a rental?

But people have done this, and successfully. Anne
Anne, you are so right. Still, many things that have been successfully done still don't recommend themselves very strongly on their merits.

One rule I try to keep is not to mix two goals which tend to interfere with one another- pleasure and money making.

If I bought a vacation cabin on a lake, I'd want to go to the mountains for relaxation. The cabin would become just one more obnoxious job. I think a family redoubt is a great thing for the very rich, since they can hire someone to look after it. And if the snow is no good in Vermont, they can go to Switzerland.

But doesn't apply to me.


haha is offline   Reply With Quote
Re: Buying a rental?
Old 07-29-2004, 03:13 PM   #23
Posts: n/a
Re: Buying a rental?

I kind of agree with Mikey. It's a slippery slope and before you know it you are "working" again. I have
fought against my entreprenurial instincts ever since
I ERed. Our only rental property is our condo which
MAY become our main home at some point. Anyway,
even my minimal involvement (hired out management)
is sometimes a nuisance. The question for me is:
Does the income/tax deduction offset the mental
stress and annoyance vs. leaving it empty?
The jury is still out.

John Galt
  Reply With Quote

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
Don't use your debit card for car rental mickeyd FIRE and Money 14 11-25-2006 06:10 PM
book suggestions on buying rental real estate? madrone FIRE and Money 27 01-27-2006 12:20 PM
Swedroe comments on buying individual stocks. Nords FIRE and Money 27 10-12-2005 09:20 PM
could use advice on the rental house Caroline FIRE and Money 10 07-26-2005 05:20 PM
Rental property rent raises Toejam Other topics 12 03-09-2005 04:48 AM


All times are GMT -6. The time now is 09:58 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.