[quote=spdrun]Or you buy $1.5 MM of condos that rent at 6% cap and have $90k/yr income. Increasing with inflation, with healthy tax deductions 🙂
Removes the temptation to touch the principal.[/quote]Or buy $1.5M of SFR in areas like Fresno, CA or TX that make 8-12% cap rate and hire a good property manager to maintain that portfolio. There are a lot of options out there. I only brought up 3-4% as an extra conservative option and still get you ahead of taking the monthly cash payment.
