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directfiesta · 01-07-2012, 04:57 PM

I am near retirement ....

I am puting most of my funds in real estate .

I hope to close tomorrow a rental property for 359K, with 60K down, making payments of 1725/month , and income on rents of 2265.oo .
With the principal of 5300.00 paid yearly, I net 11k on 60 K ...

Will have to invest another 115K in may, as funds will become available ( now paying 6.5% on the last year of a 10 year term deposit ) .

I also have what is knowned here as RRSP ( equivalent to 401K in the States I think ) .

Retirement hits you way faster then expected

01-07-2012, 04:57 PM
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Punta Cana, DR Posts: 29,588	I am near retirement .... I am puting most of my funds in real estate . I hope to close tomorrow a rental property for 359K, with 60K down, making payments of 1725/month , and income on rents of 2265.oo . With the principal of 5300.00 paid yearly, I net 11k on 60 K ... Will have to invest another 115K in may, as funds will become available ( now paying 6.5% on the last year of a 10 year term deposit ) . I also have what is knowned here as RRSP ( equivalent to 401K in the States I think ) . Retirement hits you way faster then expected __________________ I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time ....