Talk of The Villages Florida - View Single Post - Rentals as retirement income
Thread: Rentals as retirement income
View Single Post
 
Old 07-23-2013, 12:22 PM
dshinnick dshinnick is offline
Junior Member
Join Date: Jul 2013
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
Default Rentals as retirement income
Hey all-

We're looking at TV not only as a place to live, but also as a source of retirement income.

If I sell my other real estate, which is in California and not easily managed from Florida, I'll have roughly $1M to invest.

We were considering buying, say, four $250k homes and leasing them on annual leases only, and living on the income. If they would each produce $1,500/month net, that would provide enough income for us. And, doing a 1031 exchange, real estate into real estate, would allow me to defer taxes.

We're just not sure what the demand is for annual-lease property in TV. Any thoughts on this? Any alternate suggestions?

Thanks-

Dave