[quote=an][quote=sdrealtor]We made our own lottery tickets Coronita! They may have smaller payoffs but they also have a continuing income stream for life that grows with inflation and comes with tax advantages:)[/quote]
This is why I’m hoping for another big crash so I can buy a few more. Want in the position to take full advantage of the crash on 2008.[/quote]
well considering i put in an offer for another rental property yesterday….if i get it, there’s a high likelihood that will cause prices to fall, just like interest rates were kind enough to rise the week that i locked at 3% and once i was funded , was kind enough to fall back below 3% lol….Murphy law of my investments for me i guess.
normally i dont like to talk about pending transactions since i dont normally want to jinx them before they materialize. but honestly, in this case , if things fall apart, dont really care that much…im basically coughing up almost $100k more this time on this property slightly nicer than the previous one. hopefully will rent $3k/month or more. its pricey for $3k/month…but i dont trust my stock picking skills to return something decent over the next 15-20 years, and i need to force myself to take some money off the stock market roulette table in case there is a major correction and avoid doing something more stupid if i just see cash lying around earning 0.02% interest….
If i do get this place, my total net rental cashflow will be close enough a mid level sw engineer’s salary. and finally i can stop working if i choose. And then im going to have a bug grin on my face the next time i talk to my boss on Zoom…heh heh….
It only took ,oh god , a quarter of a century to get here…i cant believe ive been doing this for 25 years. im about 5 years behind my original financial plans i made in my early 30ies…so many detours and roadblocks….but i had to stick to the plan…
