Buying rentals seems good to me. Here in the 'Couve 2 BR houses are still under $100K. And taxes are about 40-50% less than Portland area.
The same Nephew-in-law was talking about and investment venture in Detroit whereas, he an his partners were looking at a commercial plaza. He quipped, "They're offering a property "worth" $3mil for $1.5mil. The problem, though, is.....in 3-5 years, that same $3mil piece will be worth......well.....$1.5 mil."...and he laughed. That's Detroit, though.
If even that. Chris went back to visit family in Detroit a couple of weeks ago and he said it's like a sci-fi movie. Miles of burned out areas with only a few gang bangers and empty shopping centers.... The epitome of political graft and union corruption.
Tim, It depends on what you want. Do you want to be rich, comfortable, etc. I'd probably buy some property or houses or cash it out
Comfortable, yes. I'm very practical now. I don't see that changing in my retirement. Man, I would love to do what these guys (good friends of my Niece) have been doing the last 5 years or so! http://sprinterlife.com/our-home
