Quote:
Originally Posted by blankall
My main plan is to have passive income via rental property. Hoping to have three by the time I retire.
Currently have one that is about 1/3 paid off and in my early to mid 30s. By the time I'm too old to maintain these properties, I'll sell them. I figure it'll take me 20 years total to pay off the first property, 10 for the second, and 7 for the third.
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Curious, what are your thoughts about rentals vs a REIT? Obviously you aren't paying an upper management, and you are better leveraged off a mortgage, but its less dirty work and better diversified.
I've been wanting to do the calculation myself to see the advantages vs disadvantages... curious about thoughts of those that may have don't.