Comments by "LifeAD3.0" (@Leslie3.0Life) on "" video.

  1. ...and I divorced two years ago at 61. Thanks to my insisting that we invest in rental properties, we both had homes to move into- mortgage free. And sold and split the equity from our personal residence. Divorce doesn't have to be devastating, as long as you manage your finances appropriately. I've been following Melody for awhile, and agree with her analysis and strategies. I'm waiting on the sidelines to pick up another investment property that I can househack. Im already seeing prices come down here in Az, along with an increase in foreclosures ( Don't believe all the hype that baby boomers are just dying and leaving a house to their kids.) We own the most real estate, and many of us will continue to invest. In the meantime, I'm converting a detached garage to a studio apartment, and I'm able to easily rent my home while I'm traveling. Real estate is a critical part of a retirement strategy-if done correctly.
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  2. I understand that people automatically think of the worst case scenarios when they think about being a landlord. But a lot of it has to do with location. I managed 3 rentals for over 25 years when I was married. No vandalism, no evictions. I know what I'm doing. My current house is near a major university and 3 hospitals. I've been renting a room/bath in my house for the last 2 1/2 years to traveling nurses. Not only do I get extra income, but I have someone to watch the house while traveling. Recently, I rented my house for 3 months to a snowbird couple. They used my housekeeper and left it as clean as they received it. On July 1st, I'll be renting my house for 6 months to a professional couple from the university. Mid-term renting (30 days-6 mos) is often overlooked as a renting strategy. ( I would never Airbnb my house!) FurnishedFinders has been a great platform to use to match renters with tenants. As I said, I'm looking for the next investment opportunity to house hack a home where I could live there part time and rent out the rest. Every investment brings some degree of risk. But it shouldn't always be an absolute impediment to building wealth. ​ @DIVISIONINCISION 
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  3. ​ @DIVISIONINCISION I managed 3 properties for 25 yrs while I was married and working full time. No vandalism and no evictions. I know what i'm doing. Much of it has to do with location. My home is near a major university and several hospitals. I've used Furnished Finders, which is a great platform for midterm rentals. (30days-6 mos) You are primarily dealing with professionals, snowbirds or retirees. I've been renting a room and bath in my home for hours for 2 1/2 years to traveling nurses. Not only did this give me extra income, but it also meant there was somebody to watch my house when I traveled I just had a snowbird couple rent my house from Feb-May. They used my housekeeper and left it as clean as they found it. Today I'm doing a walkthrough with a professional couple from the University who will rent my house for at least 6 months. (I'm living a nomadic retirement life- slow traveling through different countries.) I do fine with my ss benefits, pension, and life annuity, but the extra $1,600 comes in handy. I agree that being a landlord is not for everybody, but people shouldn't automatically dismiss the idea, just because people love telling their horror stories. Get a management company if you're that uncomfortable.
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