No. of Recommendations: 0
I retired with a pension about 16 months ago. I work PT as well. My wife works FT.

Since my retirement, we have closed on 8 rental units. Some we bought together and some we bought in one or the others name.

We currently have 10 rental units, 4 local and 6 out of state. I just closed on a house last Friday and there's one other I close on in September.

My pension counts towards qualifying for a mortgage. And, some of the rent does as well. We've been basically told that as long as we can get the downpayment, we are going to qualify.

Fool on,

Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.