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Is the rental property is safe investment for retirement income?
is it safe to prepare 80% of the retirement income from this type of investment
3 Answers
- toledogolfLv 41 decade agoFavorite Answer
I think that 80% is pretty risky but it could be accomplished. You would want multiple rentals to dilute your exposure.
Source(s): Personally I had hoped to accumulate 10 properties that would have at least 50% equity before I retire. This would replace about 1/2 of my income. I thought that was pretty risky so... - Plea_of_insanityLv 51 decade ago
No, not safe to depend on 80% of your retirement income from rental income. If the renters move out and you have difficulty replacing them, your retirement income plummets. Unless you have lots more money or income to replace it with, you'd be in trouble.
- ?Lv 71 decade ago
Yes as long as you buy right. Meaning purchase in a desirable area to ensure great tenants who pay rent on time and don't destroy the property.
