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Reply to "Buying a rental property?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We owned 5 rentals. We rented our first house when we moved out and then bought 4 more post subprime housing meltdown. All were bought with 20% down and 15 years mortgage. We paid additional principals and paid them all off in 8 years just before we retired. The rental income covers all our expenses now and we haven't touch our 401/iras since retirement. Our retirement accts actually have gone up 50% since we retired 5 years ago.[/quote] i hope you’ve done roth conversions because is what you say is true you are going to get a beat down with RMDs [/quote] why can't he do a 1031 exchange and then into Roth IRA?[/quote]
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