The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/we-most-likely-would-not-want-to-live-in-the-30153364.aspx

Subject:  Re: Smart idea or Not? Date:  7/17/2012  2:07 PM
Author:  Hawkwin Number:  70854 of 74759

We most likely would NOT want to live in the place after being a rental property for 8 years

Your OP seemed to suggest that this would be your retirement home.

If not, then you likely are better off buying rental property in another market - and at cheaper price. I don't imagine (but do not profess to know) that the rental income from that home (@ $350k) will be enough to offset the mortgage payment and the related owner expenses.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us