- Aug 16, 2014
- Haverhill, MA
Sounds great, something I should aspire to. Don't have the funds to do that at the moment so locating REITs that are giving 4-10% dividends where they are buying properties,taking the lease money, professionally managing them, and paying myself and the other shareholders.To each his own. All I can tell you is that I retired in my 40s and my ability to do so had nothing to do with stocks and almost everything to do with real estate.
Ive helped steer most of my family and friends into buying proerty. For example, when my son and his coworkers each received their profit sharing checks all of them but my son put their money into their stock portfolios. My son used his for a down payment on a laundromat with an apartment above. My son's property earns a net $1800 a month. His coworkers bonuses stayed flat after some gains, some losses and fees. I wonder how they look today.
That was a little over three years ago. So he's had three years of positive cash flow and the equity in his property has increased by almost $65,000 according to his latest market evaluation. And if he wants to improve the value of his property he can make investments in paint, siding, newer washers, etc, and then he can have the unit reappraised and draw off the equity cash tax free. Try that move with your stock fund.
Will settle for that till I figure sourcing the rest of the money to buy directly.