I'm currently living in San Antonio but have a house in Mount Pleasant on Lake Bob Sandlin. We're wanting to move there within 3-4 years and retire. I'm wanting to invest in rental property in the area (maybe Tyler, Longview, Texarkana etc) to have enough income to retire.
I've considered single family, storage units, duplexes and apartment complexes. I do have a commercial building paid off and rented out just outside of Mount Pleasant but I'm wondering what areas would be in demand and which kind of investments may be the best bang for my buck.
I follow a lot of Dave Ramsey principles and don't like debt so I will have roughly $350,000 within 3 years to invest without going into debt. My mortgage will be paid for as well by then. Thanks for any advice or ideas.
I've considered single family, storage units, duplexes and apartment complexes. I do have a commercial building paid off and rented out just outside of Mount Pleasant but I'm wondering what areas would be in demand and which kind of investments may be the best bang for my buck.
I follow a lot of Dave Ramsey principles and don't like debt so I will have roughly $350,000 within 3 years to invest without going into debt. My mortgage will be paid for as well by then. Thanks for any advice or ideas.