Quote:
Originally Posted by thelegges
Have to ask those who are so Negative about buying prior to retirement, did you go this route and have financial failure?
We bought multiple homes in TV and rented long term, before we retired with none of the issues posters are saying not to buy/rent before retirement.
I would like to see Posters give there actual experience of gloom and doom from renting. Opinions are nice, but give zero value for OPs questions.
I know there are multiple posters who have given positive help on TV rentals. But rarely such negative comments.
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I try to not be negative when posting, unless it is warranted. I have been a landlord and I have done financial planning. If you depend on a management company to do most or all of the work, it is very difficult to make a profit. Most landlords, who make money, do it because the property increases in value beyond normal inflation, not from collecting rent. Also, some landlords do not know how to do the math, and they only think they are making money because they may have a positive cash flow. But it doesn't work that way. If you can make a 5 percent return with a bond investment and a 5 percent return by being a landlord, you should not be a landlord. Another mistake new landlords make is that they assume the property will be rented 100 percent of the time and the tenants will be good people who will always pay the rent and take good care of the property. Personally, I think that buying a house in The Villages a few years prior to retirement and renting it out is a bad idea, especially if you are not an experienced landlord. The developer is still building new houses and there will be a stable supply and demand for houses for many more years.