Date:   8/3/2006 6:09:40 PM ( 18 y ago)
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URL:   https://www.curezone.org/forums/fm.asp?i=118117

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Hey you know what? About 4 years ago I bought a duplex. It was a fluke and I am so glad I did. Then I bought another house using the equity from the duplex. (I rented that to my folks for 3 years at $500 a month and lost $500 a month) I now have 3 houses and a duplex and I rent them out. I don't make much profit but they are what is going to fuel my retirement. I had to do something because what I have in my 401K isn't going to come any where near helping me to retire. And I've worked at the same place for 28 years. I got lucky and all my purchases were great deals. Now I could sell them and have something to live on if I move to one of the rentals and fix it up. Otherwise I'll be working forever.

I know what you mean about most real estate people. Most agents are lazy hogs. It greatly pains me to have to give them any commission when they do nothing.

Anyway I just wanted to say that not all people using the Real Estate boom to fuel there retirements are bad. I actually have been known to lower rents for good tenants. I wish I could provide afordable housing for everyone.

:)

Kitty

 

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