UserRequested
Recycles dryer sheets
- Joined
- Oct 6, 2012
- Messages
- 329
Hi
Is anyone out there FIRED on rental income mostly.
I earn $52k net of expenses on 4 residential properties. Also have $300k in my 401k.
I'm 52 and thinking of giving up work altogether. My principal residence is also mortgage free (like my investment properties).
My concern is if property goes bust or if I have long term vacancies. Should I work a few more years to build up some surplus cash?
What have others in my shoes done?
Thanks
Is anyone out there FIRED on rental income mostly.
I earn $52k net of expenses on 4 residential properties. Also have $300k in my 401k.
I'm 52 and thinking of giving up work altogether. My principal residence is also mortgage free (like my investment properties).
My concern is if property goes bust or if I have long term vacancies. Should I work a few more years to build up some surplus cash?
What have others in my shoes done?
Thanks