Thread: Money Investing megathread extravaganza
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Old 07-12-2016, 05:45 PM   #225
Hog's Gone Fishin Hog's Gone Fishin is offline
Fish are scared of me
 
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Join Date: Nov 2001
Casino cash: $1500477
Quote:
Originally Posted by Rain Man View Post
I really think you're right. The challenge is that you have to take a very long-term view, but it seems like it's almost a guaranteed great payoff at the end. I really regret not leveraging myself more to buy rental properties 10 years ago. At my current age, the payoff won't come until I'm in my 70s, and I'm not sure that that's worth the short-term pain now.
Definitely something you want to get started in early. I've known several real estate investors that complained that they got in too late. You need a solid 20 year plan. I'm 52 and should be retireable from the Hog business by 55 and rely on the rentals. That's why I just play the stock market with expendable money and take it win or lose.

Then I have the stone yard. You buy in stone , double the price and sell it. It doesn't rot and it doesn't eat any feed so it's a nice little source also.
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