Should I rely on rental property for retirement?

Adam Steinberger Mar 1, 2013 @sam Carpenter The above question is mine. I`m finding it very difficult to come out ahead with that much cash flow. I`m buying medium income houses (around 70-80,000) and renting them around $600 a month. I also do 15 year Morgages to pay them off faster. Is there a better approach?


sam carpenter Mar 1, 2013 Personally, as a real estate broker who has invested and come out on top, I would sell the properties mentioned. They simply don`t make enough money. Then I would look for something with a much higher projected income, at least 25% return.






Start a Conversation - Add Comments

Your Comment: ( Please enter all fields and security code. )

Name:
Email:
Website:
Topic:
Comments:
 
Word Verification:
 

Latest Comments

Freddie Mac failing homeowners, watchdog says - LiberlMedia1
March 31, 2013
Freddie and Fannie failed the U.S. years ago, when they bundled and sold sub-prime loans around the world. So far Freddie and Fannie have cost the American Ta... - by homeowner

The bankers have always been running the show - .REAL.patriot. | Jan 14, 2013 04:58 PM ET My sister in law was evicted by the local sheriff and told to vacate the property. She followed the order and thought she was done with any legal responsibil... - by pain245

housing inflation is over five percent - duck33 | Jan 29, 2013 09:50 AM ET Does that mean the fed can quit devaluing benny bucks housing inflation is over five percent?

FACTcheck | Jan 29, 2013 09:50 AM ET Are they ever goin... - by 6PJ

Home Price Gains May Slow in 2013 - LoganMohtashami | Jan 4, 2013 02:50 PM ET "I personally think that a lot of the price appreciation we`re seeing in many markets right now is because the market of tradable homes is thinner than usual... - by agent98

Jumbo Mortgages Are Back, but at Far From 2007 Levels - MandyBrazil | Feb 27, 2013 03:58 AM ET if the bank is demanding 30% down and 760 score plus verification of income plus one year payments in bank, how can it be a risk? this is great news
TexasLH



Should I rely on rental property for retirement?

Real Estate Agent Directory

Are you looking for a real estate agent in your area? At housing news blog, you can search for your local realtor and real estate service by using our agent search features.

Real Estate Agent Directory

Get listed!

Are you a real estate agent? Get listed for free with us! Complete a real estate agent profile form and get listed in a few days. Click on the link below to get started!

Free agent profile!