Didn't get the appreciation we wanted

[Dilini Peiris]

We bought a property for 70 k. and rehab for 15k. So total in was 80k We then hired our own appraiser who appraised it for 120k. We then went to the Bank for a  cash out refi , they appraised it for 85k. What should we do 

[Frank Chin]

Originally posted by @Jaron Walling:

@Frank Chin Talk about a roller coaster ride! I wasn't even alive yet. That's one heck of a retirement fund :-)

Can't agree more, real estate is a great way to fund retirement, and this was one of my great deals. I'm retired now and my rental income is greater than my social security and pensions. Don't even need to touch my IRA's or 401K's.

My dad invested in a mixed use property, with two stores, 4 garages, and one large apartment. Bought it in 1963 for $25K, $10K down, paid off in 1980, when he retired, then a few years before he collected social security. So rent from one property funded his entire retirement. My parents passed in 2015, the mortgage free property was sold for a little under $1.2 million. Imagine, investing $10K in real estate, pay off the mortgage in under 20 years, retire, live comfortably for over 30 years in retirement, with over a million left over.

Yep, investing in real estate, you can have a great retirement, and leave a bundle for your kids.