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I definitely need to hurry up and start my ROTH IRA cause i'm losing money for it as I type, I just don't know who to go with, any recommendations?
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Originally Posted by 360wavesandxbox
My dad got into buying properties and refurbs...He started out with my Grandmothers house as she was getting to old to maintain it...She moved into an apartment and he bought her house. This was around 4 years ago..Now he has like 22 properties..One of them is a 12 unit apartment complex. He got it with the help of loans for like $500,000. The estimated market value on them will surpass the million mark in a couple of years i believe. Its in a low income area, but he never has a shortage of people looking to rent in case somone moves out. And just a couple of months ago the gov. approached him about leasing 8 of the units for around 5 years so no matter how hard things get he has money coming in from at least 2/3s of those units. And this is just something he did as supplementary income, he has another main job.
Bottom line is, if you do research, know some people, and make wise desiscions then investing in real estate is the way to go. I used to think him investing in lower income areas was a mistake, but it seems to be ideal for the times we are in now, with the real estate market at an all time low. He doesn't seem to be suffering, someone is always looking to rent.
Originally Posted by gko2408
I'm thinking about just buying stocks from financials that are struggling right now and holding onto them long term.
Originally Posted by Dirtylicious
I don't see how setting yourself up early so that you don't have to worry about retirement is a "bad idea"
but hell..that's just me.
it's TAX FREE
Couldn't have said it any better. Present value calculation on $5000 based on 42 years till retirement at an average rate of return of 8% equals to around$126,697.40 TAX FREE.
www.vanguard.comOriginally Posted by 703 Hwy
I definitely need to hurry up and start my ROTH IRA cause i'm losing money for it as I type, I just don't know who to go with, any recommendations?
Originally Posted by oidreez
so what happens with the ROTH if you have a lapse in working?