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Updated almost 8 years ago on . Most recent reply

User Stats

28
Posts
13
Votes
Brian V.
  • Homeowner
  • Victorville, CA
13
Votes |
28
Posts

How can I invest in Apartment complexes and live for free?

Brian V.
  • Homeowner
  • Victorville, CA
Posted

My wife and I are retired. We make about $30,000 per year. Its very modest. We have $20,000 in the bank and about $50,000 equity in our house if we sold after selling costs and real estate commissions.

I had an idea that we could somehow sell our house and buy a small apartment complex. We would live in one unit for free and maybe collect a small monthly income after the mortgage and all expenses.

Does anyone have any ideas or resources on how we can accomplish this?  

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