Asked by Dooney, Galt, CA • Wed Oct 12, 2011
I am on SS,and recently was awarded $500,000.I have never invested and with this economy it makes sense to me to invest in real estate which can produce rental income.Most people are saying its a headache,but with good property mgmt.I dont see the problem.I have lots of medical expenses so I have the write offs.I realize I lose the advantage of paying interest as a tax break by paying cash .I am looking to buy 3 houses in the Galt,Ca. area. If I did have a renter problem,at least I wouldnt have a mortgage co. on my back.Whats your thought? The money I am using is a workmans comp settlement.
Real Estate in Galt
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