Updated almost 7 years ago on . Most recent reply
30 Year Buy and Hold
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Would you guys agree this would be a solid deal if the true plan was to hold for 30 years? I am currently mid 20's.
Most Popular Reply
#2 General Landlording & Rental Properties Contributor
"if I can break even for 25 years"
Life does not work that way, chances are you will never break even. Frankly breaking even in life is simply not good enough for investors, you are not a investor. Over time repairs, evictions, capitol expenses and regular repairs will put you deep into debt, you will tire of the grind of dealing with tenant issues and without the reward incentive as you go along you will ultimately give up. Wise investors do not stake their claim on making money 30 yeas into the future. That plain and simple is not investing it is pie in the sky dreaming. There is absolutely no way to predict that far ahead.
You need to be able to profit and live for today. Plan for the future but do not rely on the future. You need to be able to accumulate wealth as you go through life since there is no guarantee you will even be alive in 30 years.