Torn between FT or House/Condo
I am torn between going FT or putting the money from the sale of our house into another house/condo. I wish that there was a RV/Motorhome that kept its value over the course of a year or two so that ...
Forum Discussion
n7bsn wrote:
Some years back a (retireing) co-worker took out a mortgage on their home, used the proceeds to buy a good used MH. They then leased out the home (their kids lived nearby and could watch it, repair, etc) and hit the road.
Some years later, the renters had paid enough for them to have enough equity for them to get a newer MH.
They did that cycle twice.
Later they then decided they had seen everything in North America, that they could drive to, that they wanted to. They terminated the lease, sold the DP and used that money to refurbish the house and moved back in.
During the years they were on the road the renters had paid off the mortgage and paid for some of their capital costs for the RVs.
They now have a small RV, suitable for short trips, and are back in their home the rest of the time
Sounds good to me. We only have to wait 20 years for hubby to retire. I hope this idea is still attainable then.
