Updated over 11 years ago on . Most recent reply
New Member in Southeastern MA
I'm the owner of a single family home that I'm in the process of turning into a rental property.
Due to divorce and job loss, I am left with almost no retirement funds so this home is currently all I have for a retirement asset. After doing some initial research I have a lot of decisions to make as to how I proceed. Rent the house short term and take the money and run? Rent it long term? Sell and purchase a multi unit home, condo, multiple condo units, vacation property?
I have a full time job working Monday through Thursday as a 911 operator, prior to this I worked in Financial Services (Life Insurance) for 22 years.
My goals right now are 1. Rent the home out with a 1 year lease and see if I have the stomach for being a landlord. 2. Learn as much as I can about real estate investing in the meantime!
I don't really anticipate becoming a real estate investor with a large number of properties, but I'm considering if having one or two properties might give me more financial security. That said, I'm open to any opportunities that may come my way.
Thanks for reading, this site has been a huge help to me already!