Each potential rental property I fully own knocks almost a cool million off the needed retirement fund. Interesting to play with the numbers.
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I've talked with @LightTriadMan about the concept, he has several rental properties. His advice was to be picky about what you bought where to avoid renting out slums. If you pick the right property, you'll get middle class teachers/businessmen/tradesmen who are good renters.
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Absolutely, don’t let my opinion of Hampden Cty, MA influence you, it contains some of the lowest income areas of the state.
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I do a bit of maintenance for them when asked, I don’t mind, but don’t want a career out of it, they were thinking family trust, I said absolutely not. The stories I could tell, hoarders, scumbags, etc. ad nauseam.
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Yep. I'm considering the option, since I'm not really a salesman necessary for entrepreneurship. It's that point where diversified income streams where things work for me instead of just my own labor is the best way to add value.
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