Due to an inheritance from my parents, about 20% of our retirement and savings assets are now invested in real estate. This is up from 0% since I don't include our house has part of retirement and savings assets, even though the mortgage is paid off.
The good news is that both properties are paid off and I have no mortgage. In addition, the rental property is positive cash flow. The bad news is that real estate is not the booming investment it once was and both properties will require active involvement by me. So, I am getting the opportunity to learn more about real estate.
For more on Crossing Generations, check back every Thursday for a new segment.
This is not financial advice. Please consult a professional advisor.
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