Quote:
Originally Posted by fflmaster
Did you purchase in full or have a mortgage? Also, is the rental plus internet and electric covering all your expenses?
My wife and I may be interested in purchasing now, but renting out for a few years until we can retire.
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Just a suggestion, but I would rethink the idea to purchase a house a few years before moving to The Villages. It will be a hassle to rent it out and you could even lose money in the end.
Do the math and don't forget the lost investment income, the higher insurance rate for rental property, the higher property tax because you cannot claim a homestead exemption, and the Federal income tax you will pay if you do show a profit and if the house increases in value.