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Coffee Shop
Rental property
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<blockquote data-quote="Little Joe" data-source="post: 1639768" data-attributes="member: 39122"><p>I have a few rentals and will acquire a few more in the future but as stated above, if I can't pay cash I don't buy them. I too am allergic to debt, I know I could make more if I would borrow and have more houses but it's sure nice to lay down at night knowing the bank can't come get nothing you own. Rentals are good income and are good for tax write offs. I plan for mine to help me retire at 50 from my day job. I don't make a killing on them but they have helped acquire more assets. One thing with rentals is you need to be pretty handy or you'll spend more than you take in on repairmen, I do all my own repairs.</p></blockquote><p></p>
[QUOTE="Little Joe, post: 1639768, member: 39122"] I have a few rentals and will acquire a few more in the future but as stated above, if I can’t pay cash I don’t buy them. I too am allergic to debt, I know I could make more if I would borrow and have more houses but it’s sure nice to lay down at night knowing the bank can’t come get nothing you own. Rentals are good income and are good for tax write offs. I plan for mine to help me retire at 50 from my day job. I don’t make a killing on them but they have helped acquire more assets. One thing with rentals is you need to be pretty handy or you’ll spend more than you take in on repairmen, I do all my own repairs. [/QUOTE]
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