http://realsblog.com/2008/real-estate-investing-trivial-blunders-investors-make/ The #1 Real Estate Blog. Fri, 29 Aug 2008 06:58:23 +0000 http://wordpress.org/?v=2.3 http://realsblog.com/2008/real-estate-investing-trivial-blunders-investors-make/#comment-783 Brian Meskil Thu, 31 Jan 2008 13:05:21 +0000 http://realsblog.com/2008/real-estate-investing-trivial-blunders-investors-make/#comment-783 You raise many good points. Down here in Sarasota most folks that I meet seem to think of investing only in terms of flipping. Even as the market has slowed I get a few that still call and ask for the worst house in the best neighborhood so they can fix and flip. I rarely if ever get someone who says I want to pay for my retirement with rental income. All you hear and read about is how much money you need to put away and save during your lifetime in order to have enough in retirement. Imagine starting your portfolio at 25 years old and instead of IRAs and 401s you put up $5000, get a mortgage, rent the home and eventually get it paid off. Over a lifetime purchase 6 to 10 homes and thats approx. 6 -12k per month that will never run out and a good chunk of equity for emergencies. That is what I have done and I feel much more comfortable controlling my destiny than relying on Wall Street. You raise many good points. Down here in Sarasota most folks that I meet seem to think of investing only in terms of flipping. Even as the market has slowed I get a few that still call and ask for the worst house in the best neighborhood so they can fix and flip. I rarely if ever get someone who says I want to pay for my retirement with rental income. All you hear and read about is how much money you need to put away and save during your lifetime in order to have enough in retirement. Imagine starting your portfolio at 25 years old and instead of IRAs and 401s you put up $5000, get a mortgage, rent the home and eventually get it paid off. Over a lifetime purchase 6 to 10 homes and thats approx. 6 -12k per month that will never run out and a good chunk of equity for emergencies. That is what I have done and I feel much more comfortable controlling my destiny than relying on Wall Street.

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