Updated almost 10 years ago on . Most recent reply
New member in AZ looking to invest in retirement properties
Currently living in retirement community in Surprise, AZ. Have a small rental (1 bedroom, 1 bath) about 5 miles away also in a retirement community. The house was a foreclosure which has appreciated nicely the last 2 years. I would like to invest in another rental in the same neighborhood. At some time in the future I would like to downsize, rent out the home I am living in now and move into one of the smaller places. The area is good for winter visitors and I could rent for the winter months and make as much as a year around rental. My financial advisor does not approve of my plans.