BG, your analysis of my general comment was fairly accurate, however, I have purposely stayed out of getting into specifics about our investment properties on this or any other thread, mostly because I feel people are going to do what they want to do regardless of what anyone else says, and because I don’t want to waste my time getting into a “war of words” with anyone.
I have some very strong opinions, based upon facts and experience, concerning why someone should or should not invest in certain geographic locations, but I’m not about to mention those thoughts in this environment.
We’re now in our 50’s, and started buying investment properties in our 30’s in a very different economic environment, with lots of cash reserves, and it worked out very well.
I just feel that people getting into the rental game today should proceed with caution, and have deep pockets–and that was my main point.
Hopefully, everything will work out as well for them as it has worked out for us. Perhaps only time will tell.
