My New Retirement Job

Due to inheritance of property from my parents, we are now diversified into real estate. One property is commercial land, and the other property is a 33% share in a commercial rental. The real estate portion is about 15% of our total retirement and investment accounts. The proportion may be a little high, but is acceptable since acquiring the properties did not reduce existing financial assets,

At this point, I plan to keep both properties.    The land is in a the middle of a development zone that has slowed due to the recession.  While there is currently limited interest in the land, I expect the demand for development land in the area will return in 3-5 years.    The commercial rental is currently doing well and is expected to provide a regular income.

Both properties will require involvement from me, which is one reason I am no longer working part time wage jobs in retirement.  Working on these properties will be my new retirement job.  Maybe this work will become my perfect retirement job.

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This is not financial, real estate or retirement advice. Please consult a professional advisor.

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