Good additional data Trudy. I do not plan to live in either home as we already have our retirement home also in TV. My rational was at the time the stock market was not doing so well, real estate pricing and mortgage interest was at an all time low, so I felt buying real estate was a better place to invest then the stock market. So far it has worked out well. I have been very lucky with renting by getting someone for 6 months in my first home every year as that eliminates the Florida state tax requirement. I now have to address that with the new home. After I retire, I plan to use these properties to provide a day a week work for me and some extra income as I pay down the mortgage. And when we get to a point they are to much to handle, will sell them for the equity.
I have even been studying how to be successful doing a FSBO and believe I have that down to a working plan as well. Getting ready to test it for a friend of ours.
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Life is to short to drink cheap wine.
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