Exit Stratagy

[4x4ord]

As we anticipate spending a segment of our retirement traveling around in some sort of an RV, I am beginning to wonder how many people have planned an exit strategy and if so how, has it been working out?

[wannavolunteerF]

Okay, I agree you should have some idea of what you might do if you can't or decide not to continue RV'ing at some point. What I don't understand is why some of the same folks who say how freeing it is to get rid of everything and fulltime, seem to think you have to purchase another house or condo at some later point. When I sell this one, I have no plan to buy another ever. I do plan to use the farm (we grow trees) that has been in my family since the land grand days as my home base, but will not stay there once I can't travel anymore. It is too far from medical or any other type of service or needs. At that point, I will not be wanting to mow roads, maintain tractors or any of those type things. I will find an apartment, probably in a senior complex of some type, so that someone else can be responsible for fixing things.

[Bumpyroad]

bhh wrote:
Unless you happened to sell the house in 2008 in one of the inflated areas. Then you could re-buy it for about half what you sold it for. Or buy it for a downsized house for even less.

Bumpyroad wrote:

yep, if you sell the house and 4 years later need to move back into one, your "investment" in the RV has decreased in value by 50% and the house has gone up 20%.
bumpy

hindsight is 20/20.
bumpy

[bhh]

Unless you happened to sell the house in 2008 in one of the inflated areas. Then you could re-buy it for about half what you sold it for. Or buy it for a downsized house for even less.

Bumpyroad wrote:

yep, if you sell the house and 4 years later need to move back into one, your "investment" in the RV has decreased in value by 50% and the house has gone up 20%.
bumpy

[Gannet]

The RV *is* our exit plan.

[Bumpyroad]

2gypsies wrote:


We lived in Michigan and would have never guessed that we'd choose Arizona as our final spot.

I have been in Michigan. I have been in Arizona. I am not surprised. 🙂
bumpy

[Jean_S]

2gypsies, you may be right. I don't know. We did the rv thing 25 years ago for about 4.5 years before we settled in FL. We both love the Smokies, tho. I like AZ, too. DH not so much. Actually, my idea of perfection would be a couple acres with a small cabin and an RV pad in TN, where the family is only a few hours away, and another patch in AZ with an RV pad. Right now, that sounds like an awful lot of property responsibility.

[Jean_S]

2gypsies, you may be right. I don't know. We did the rv thing 25 years ago for about 4.5 years before we settled in FL. We both love the Smokies, tho. I like AZ, too. DH not so much. Actually, my idea of perfection would be a couple acres with a small cabin and an RV pad in TN, where the family is only a few hours away, and another patch in AZ with an RV pad. Right now, that sounds like an awful lot of property responsibility.

[2gypsies1]

Jean S wrote:
We have been traveling around the country looking for areas we enjoy. We spent the last 20 years in Florida, but it's really not for us anymore. We'll pick up a piece of property in the next year or two. Then, in the next ten or twelve years when we want to stay put more, we can build a small house and put an RV pad on it so our camping friends can come visit.

I'd highly advise that you don't buy property until you've traveled the country more in the next ten years. Just like Florida for you, the place you choose might not be where you'd like to settle after 10 years of traveling.

We lived in Michigan and would have never guessed that we'd choose Arizona as our final spot.

[Jean_S]

We have been traveling around the country looking for areas we enjoy. We spent the last 20 years in Florida, but it's really not for us anymore. We'll pick up a piece of property in the next year or two. Then, in the next ten or twelve years when we want to stay put more, we can build a small house and put an RV pad on it so our camping friends can come visit.

[Ro_n_Joe]

4x4ord wrote:

2gypsies wrote:
Invested our house sale money.

That was your exit plan.

2x and plan on having the same one. 🙂

[C-Bears]

First of all, everyone's financial situation is different. We are fortunate and have a retirement income which allowed us some freedom on being undecided reference an exit strategy. I think an absolute exit strategy is hard to pin down. We thought we knew how we would do it a year ago but have since changed our minds. As we see more of the country we may change our minds again. For us, getting rid of the house and most of our stuff was the only way to go.

[Ro_n_Joe]

When we go, we plan on investing all of the money from the sale of our S&B as our exit plan.

[clayway]

Interesting thread.
4 years ago I bought a 10 acre hobby farm with a barn in Volusia County Fl, put in a septic system, 50 amp service & rv space, found a Workcamper to maintain things for a place to stay, that is my exit plan & it costs me very little

[paulcardoza]

Absolutely true, but you have to invest your money somewhere. Stock Market? Real estate? Both have risks/rewards. I'll bet on real estate in this case, as we'll also have a short term exit plan should something happen to either of us.

2gypsies wrote:
One thing to think about with buying property when you first begin full-timing is: do you really want to live there in later years? Some do, and that's fine, but after traveling to so many wonderful places, you just might find somewhere else that you would prefer to be in later years. We surely did. 🙂