Escape Plan
When we started full time 4 years ago, we sold out everything, so we have no house to go back to. We have no immediate plans to come off the road, but I am wondering what to do if and when we have to....
Forum Discussion
Not hit the road FT yet, just started selling off our properties, and took a long time to get our heads around being "footloose and fancy free" with no ties that bind in the form of holding onto any properties. We are there now, and looking forward to no more property taxes, house insurance or upkeep.
Kids (daughter 24 and future SIL 31) are going to rent acreage off us for a couple of years to make sure they can handle the costs, and then will buy it outright - her dad built it and she wants to raise her future family here. Plan is to keep enough money put aside so when we want off the road again we build a mother in law style suite either above the 1150sq ft garage or above the proposed outbuilding at time of build. Works for us and when we've gone from this world, they'll have an extra income generator option if they chose or for one of our grandchildren hopefully in the future.
Revenue Properties, Building and Selling, Flipping and other forms of RE over the past 30+ years, created our ability to be able to do this and self fund our retirement within the next 2 years, so we really really struggled to get around to imagining not owning any RE. Now I just feel so bitter about how much we pay in property taxes for next to nothing, insurance that went up 70% last year over 2013 due to others huge wind, flood, fire claims, cost of in time and $'s maintenance etc, we now can't wait to get rid of them all.
Till now we've travelled for past 15+ years for minimum of 6 weeks to four months a year in our RV, and missing our children aside, that's when we are always the most happy and healthy with lots of walking/rowing etc.
So for us will build a Mother In Law Suite on kids property for when it's time to hang up the keys.
Kids (daughter 24 and future SIL 31) are going to rent acreage off us for a couple of years to make sure they can handle the costs, and then will buy it outright - her dad built it and she wants to raise her future family here. Plan is to keep enough money put aside so when we want off the road again we build a mother in law style suite either above the 1150sq ft garage or above the proposed outbuilding at time of build. Works for us and when we've gone from this world, they'll have an extra income generator option if they chose or for one of our grandchildren hopefully in the future.
Revenue Properties, Building and Selling, Flipping and other forms of RE over the past 30+ years, created our ability to be able to do this and self fund our retirement within the next 2 years, so we really really struggled to get around to imagining not owning any RE. Now I just feel so bitter about how much we pay in property taxes for next to nothing, insurance that went up 70% last year over 2013 due to others huge wind, flood, fire claims, cost of in time and $'s maintenance etc, we now can't wait to get rid of them all.
Till now we've travelled for past 15+ years for minimum of 6 weeks to four months a year in our RV, and missing our children aside, that's when we are always the most happy and healthy with lots of walking/rowing etc.
So for us will build a Mother In Law Suite on kids property for when it's time to hang up the keys.
