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Updated 3 months ago on . Most recent reply

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Kevin Polite
  • Investor
  • Decatur Atlanta, GA
201
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583
Posts

What does retirement look like for a long-time real estate investor

Kevin Polite
  • Investor
  • Decatur Atlanta, GA
Posted

I've started to slowly sell off my rental properties and looking for the next chapter. I've tried to manage the tax implications and there are many and no, I do not want to 1031 any of them as I no longer want to be on a week long vacation and invariably something comes up. Usually nothing I can't handle, but don't want the headache. I thought about keeping one or two, but after you've owned them for a while you no longer have a highly leveraged and thus high ROI on this property, but they do generate good income. Interested to hear others thoughts on this.

  • Kevin Polite
  • Most Popular Reply

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    I am on a glide path with the plan to have only primary and beach place to use in early retirement while living off the money in my taxable and retirement accounts. If you have enough to fund your retirement in the fashion you want I wouldn't look back or be too focused on tax implications.  It was very strange shift when I got into my late 50s, realized I had plenty of money, and that time is now more valuable than money. 

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