Updated 4 months ago on . Most recent reply
Working the math. End game strategy.
2 SFH remain. Rents at 1400/1500 mo.
4% notes. Balance remaining 50k ea. Value 300/320k. Bought for 70/100k app 20 years ago.
Refinanced, 10-12 years ago, cash out, lower rate.
Payments are 900/mo mortgages total for both.
2000/yr each tax
1300/yr each insurance.
I think I only have about 6-7 years of depreciation left.
Current age 62, considering retiring. These are self
managed. For me, it's easy to do, but I really don't love managing. Not thrilled with paying 10% average for a manager either.
1. Stay the course. Decent cash flow.
2. Payoff, increase cash flow. Perhaps go mgmt.
not super sure how rental income plays with social security.
3. Sell, after the smoke settles I should clear 170-180 or so each.
Not concerned with legacy but do want to make well thought out moves here at the end. I know selling soon will also trigger Irma and higher Medicare issues. Lots of moving parts to consider.
Has anyone traveled this road?
Thoughts?