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Bill Bumface · 01-06-2011, 01:37 PM

I think counting on retiring off of rental properties is safe if you expect them to be paid off and worth what they currently are in 25 years or whenever the mortgage is done.

Realistically in 25 years rent should be up and you should be pulling in a bit of profit month to month, and if your house is $400,000 now, I think it's a safe assumption it will be $400,000 then.

Counting on it to be worth $1,000,000 you could be screwed.

01-06-2011, 01:37 PM	#1579
Bill Bumface My face is a bum! Join Date: Feb 2003 Exp:	I think counting on retiring off of rental properties is safe if you expect them to be paid off and worth what they currently are in 25 years or whenever the mortgage is done. Realistically in 25 years rent should be up and you should be pulling in a bit of profit month to month, and if your house is $400,000 now, I think it's a safe assumption it will be $400,000 then. Counting on it to be worth $1,000,000 you could be screwed.