Re: Real estate investing for early retirement

Re: Real estate investing for early retirement

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 Re: Real estate investing for early retirement CalNeva Reply Send to a Friend   Print
 
Subject Author Date
Real estate investing for early retirement growler 01-09-2006

"growler" <smaye@yahoo.com> wrote in message
news:1136803756.822310.159640@g44g2000cwa.googlegroups.com...
>I'm 44, have a good job and save a big portion of my paycheck every
> week in hopes of early retirement. I've maxed out everything I can do
> with my company's 401K plan. I'm looking to invest in something other
> than the stock market and mutual funds. Just seems to unstable and
> unreliable.

I'd recommend that you go to your loacl library or Barnes and Noble and
get a book about real estate investing before you make any moves.

http://www.AmericanWest.biz

>
> I live outside Nashville,TN. It seems real estate values in this area
> have grown consistently over the last 30 years. Many areas have never
> stopped booming. I've a sizable sum saved and think it is time to
> get a better return than what a bank savings account has to offer.
>
> I'd appreciate some guidance on any of these options I'm
> considering:
>
> - Purchasing land- There is ~50 acres very close to a nearby boom area.
> Seems land all around here is in very very short supply. Values have
> gone up exponentionally. What are the pro's and con's to this type of
> investing?
>
> - Rental property- I had considered buying a couple rental units. A
> little concerned as to the typical landlord issues. What are the
> benefits of renting out property? What shoudl I be looking for?
>
> - Buy, fixup and sell- I've a brother has been in construction all
> his life, Currently a foreman with a commercial construction firm. He
> would like us to invest in these types of properties. He naturally has
> all the connections for repairs. Sounds too easy. What are the pit
> falls?
>
> - Apartments- Sounds pretty scary to me.
>
> Any other things I should consider?
>




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Government National Mortgage Association - Ginnie Mae
The National Home Equity Mortgage Association
Fannie Mae Mortgage
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