rcardin, just an observation.... you have clearly defined that this property that breaks even (OK, cashflows $28 a month) is the "College Plan". Wonderful (actually, that was my plan as well, before I modified it to be a little bit more hmmm fastlane).
And that is the reason for my observation.... you are targeting retirement in 15 years so when you turn 46 yrs old you will get your 'measly pension', as you said. But what about you and your real life? I am sure I am not seeing the big picture here, but your comments here seem a little bit 'slowlane mentality'. Do you have other plan that goes a little bit faster? Is there a big goal you are pursuing and if so, what are you doing to reach it?
My main point is, you are capable of finding properties that cashflow (you are already doing it) so why not use that talent to make it big time money cash flowing every month?
PS: I don't want to sound too 'judgmental', it is that your comments made me remember the way I was thinking four years ago, before I realized I could get more from life and enjoy it now, instead of having to wait until 'retirement age' to meet my financial goals.
And that is the reason for my observation.... you are targeting retirement in 15 years so when you turn 46 yrs old you will get your 'measly pension', as you said. But what about you and your real life? I am sure I am not seeing the big picture here, but your comments here seem a little bit 'slowlane mentality'. Do you have other plan that goes a little bit faster? Is there a big goal you are pursuing and if so, what are you doing to reach it?
My main point is, you are capable of finding properties that cashflow (you are already doing it) so why not use that talent to make it big time money cash flowing every month?
PS: I don't want to sound too 'judgmental', it is that your comments made me remember the way I was thinking four years ago, before I realized I could get more from life and enjoy it now, instead of having to wait until 'retirement age' to meet my financial goals.