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Originally Posted by k9srule
We plan on retiring in TV's (probably in 4-5 yrs) but are trying to decide whether to buy and rent out or wait to buy then. Will they be built out by then? Do you know others that rent out or is it hard to rent out? We have enjoyed it every time we have been there.
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I've rented/occupied my home for eight years, and it works very well for me. If you wish to rent your place full time you might find a long term renter who will take your place unfurnished. Short term renting will require furnishing the home and more regular effort, and maybe a property manager if you can't be there to take care of all the details.
There is a lot to learn about renting but there are folks like me who will be glad to discuss it if you ask. The upside to this is that you are planning for your future at current day prices. Barring another deep recession, home prices will continue to rise. The baby boom demand should continue to spike growth for at least five more years. The big question is, can you afford to buy a place now? At best, rent receipts will only cover your annual maintenance expenses, not your mortgage if you have one.
If you can afford it, ask yourself if that money is better placed in a solid investment fund so the expected gains at least match the higher costs of buying here later. The answer to that is more elusive.
Deciding to come here at some point is your first smart decision. Good luck with all the rest!!