All Forum Posts by: Nathan Baz

Jake-I'd love to find some property's in the 100k range that would rent for $1900 but in this area the best I can find is $1100-$1200 

Jeff-my expenses would easily be covered. 

I don't think I'd be comfortable with that strategy.  Thanks for the reply though.

thanks for your reply!  Do you have any recommendations for passive income?  My "emergency" idea would be to downsize from my current house to a smaller one and pocket 200k if I needed it.

Hello,

I am currently 40 yrs old and want to retire by 45.  I have 3 homes paid off (400k, 200k, and 110k in value) and will I will buy another before I retire in 5 yrs.  I have zero bills (cars, cc, student loans etc.) other than the regular like water, electric, cable, phone, etc..  I should have around 3k a month coming in on the rentals and we will stay living in the home worth 400k for the next 10 yrs.  I will have 300k cash put aside and will have 200k in 401ks that I will be able to get when I reach the right age.  I figure if we have any issues or need money we can sell the 400k house and just move in to a smaller one while we wait on our 401ks and SS.  Any potential issues that I'm not seeing?  Thanks in advance!