- Joined
- Jun 17, 2009
- Messages
- 1
Hi everyone,
My husband and I are retired and in our 60´s. After reading Don Campbell´s book, we are now seriously considering entering into the Business of Real Estate Investment. We are in the process of setting up a re-advancing mortgage with an attached Home Equity Line of Credit that we intend to use strictly for investment purposes. It will give us about $70,000 to work with.
In this stage of our lives, monthly cashflow is important to us. Looking at the many strategies to make money by investing in real estate, what might be the best avenue to pursue? We have been looking at Rent-to-Own as a possibility, considering the great cashflow and short-term profits to be made. Would this be a good strategy for us, or is there something else that would be more suitable for retirees?
Thanks in advance for any advice you can share!
Susan
My husband and I are retired and in our 60´s. After reading Don Campbell´s book, we are now seriously considering entering into the Business of Real Estate Investment. We are in the process of setting up a re-advancing mortgage with an attached Home Equity Line of Credit that we intend to use strictly for investment purposes. It will give us about $70,000 to work with.
In this stage of our lives, monthly cashflow is important to us. Looking at the many strategies to make money by investing in real estate, what might be the best avenue to pursue? We have been looking at Rent-to-Own as a possibility, considering the great cashflow and short-term profits to be made. Would this be a good strategy for us, or is there something else that would be more suitable for retirees?
Thanks in advance for any advice you can share!
Susan