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Old 06-01-2014, 09:07 AM   #21
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Location: Williston, FL
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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: Cincinnati, OH
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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.
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Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
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