Yvette's Question: Should You Retire?

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Yvette, you have $1.6 million coming in and outstanding loans on your properties of a little bit over half a mill. You would be able to write a check and get rid of your mortgage balances - but should you? Yvette: I retired from my job so that I could devote more time to real estate. That's what I want to be doing. So for you, you're passionate about it. You want to be more into it. This is important because it distinguishes you from people who maybe want real estate in their portfolio, but they want it to be as passive or as residual as possible.

#455: Yvette recently retired with the goal of reaching a $10,000 monthly income from her real estate investments. Should she put her money toward debt payoff or portfolio expansion?

Carly wants to buy a second home and convert her current home to a rental. What are the pros and cons of tapping into existing equity versus saving cash for a down payment?

An anonymous caller plans to move back to her touristy hometown in six to seven years. Is it smart to buy something now and take advantage of a thriving Airbnb market?

I tackle these three questions in today’s episode.

Enjoy!

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