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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 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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Real estate investing for early retirement
