I guess an incentive to go into management.Mgt had a pension plan and a 401k match what was their reasoning for this for so many years???
I guess an incentive to go into management.Mgt had a pension plan and a 401k match what was their reasoning for this for so many years???
If you got this much money to take on the expense of a vacation home, I'd invest that in rental property first. Or make it a season rental.Yeah, by "partying" I mean saving for my wedding and then hopefully buying a summer lake home in the next couple years.
Yeah not sure how I would ever spend enough time at a vacation home to justify the cost.If you got this much money to take on the expense of a vacation home, I'd invest that in rental property first. Or make it a season rental.
Maybe if you wanted to move there when you retire.Yeah not sure how I would ever spend enough time at a vacation home to justify the cost.
True but you could sell your place and buy the lake home without wasting any money on intrest.Maybe if you wanted to move there when you retire.
If you rented it out until you retired ,might be enough money to pay the mortgage. Then sell your primary house and have that money in the bank.True but you could sell your place and buy the lake home without wasting any money on intrest.
True. I'm with @Orion's my new BFF but any way you slice it real estate is usually a pretty decent investment.If you rented it out until you retired ,might be enough money to pay the mortgage. Then sell your primary house and have that money in the bank.
Or a big headache.True. I'm with @Orion's my new BFF but any way you slice it real estate is usually a pretty decent investment.
Hey!Our second rental property is a condo on the water. We rent it out seasonal and use it when we have no renters. It's a furnished unit that brings in good money to cover the costs. And it's on the beach so if we want to retire there, it's an option.
It's a small condo. Not enough room for all your beer lolHey!
It's my long lost brother..Orion.
Does it have a balcony?It's a small condo. Not enough room for all your beer lol
This is true. In the beginning, it was a hassle and we were worried we put too much money in that wouldn't pay off.Or a big headache.
I know a few people that the renters trashed the place.This is true. In the beginning, it was a hassle and we were worried we put too much money in that wouldn't pay off.
Luckily the market went up and our values are great.
And then there are some places like where I am that a one bedroom apartment cost 2,500-3,500 a month...Silicon Valley5hit man.. There are some places where a basic 2 bedroom apartment is running 1500 a month... No joke ... In Texas that same 1500 will get you a nice house and a pool on 2 acres... The west coast is becoming very expensive to live and everybody seems to be moving out west... Las Vegas, Seattle and Portland Oregon are 3 of the top 5 cities for growth ... Try buying a house on a drivers salary in California...it's not going to happen
Does it have a balcony?
First floor but the view of the beach is awesome.I know a few people that the renters trashed the place.
Put a beer tap in for me.First floor but the view of the beach is awesome.
We went through a service that rents it seasonal to qualified renters. There's good insurance on it and we just paid this place off along with our first one. So now the rent is making us decent money which a percentage gets put into an account to cover stuff like that.