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

FHA loans that essentially let a home buyer purchase a house - FACTcheck | Feb 26, 2013 10:07 AM ET The government needs to kick the leg out of this artificially high market. There is artificial demand available with FHA loans that essentially let a home buyer p... - by Jett134

Home owners are stuck with losses - Eddie Fadel
February 26, 201 @Geno Bronzi @Eddie Fadel where can you build home with basement or partial brick for $50 to $55 a sp ft? Are you referring to manufactures homes perhaps?
AtlantaB

bigger down payment - johnnyvic | Jan 22, 2013 11:11 AM ET My last post was cut off... Yes, short term price increases can make people in the business a lot of money, or trick home occupiers into spending well beyond thei... - by hackman

Pending Home Sales Soar Despite Rough Winter - NewDay12 | Feb 27, 2013 10:03 AM ET Dana.....will you quit and get another job....sick of your propaganda.......write a real story like a real journalist and maybe we wouldn`t laugh at you. It is so ... - by Pet422

Best places to buy foreclosures - Paul1
March 20, 2013
Interesting everyone blames the bankers and lenders, and they are not without some blame but was a gun held to anyone`s head to make them sign the paperwork?? Each c... - by RandyJ



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!