Re: Good Financial Plan?
vacation home/investment property
Landlord is a skill which you will need to develop first. Absentee landlord is the hardest type to be.
AC is not Vegas and it unlikely to become Vegas. It will have to compete with the internet and all the other second and third tier gambling towns, and in the future places like Macau.
I don't think you have the finances to aford the luxury of a vaction home. If you include possible gambling losses I think you will be negative cash flow.
I suggest you work at improving your job/earned income. See if you can get work in a cheaper area.
1)You also need to understand that the large number of bad poker players fueling your returns are not going to last for ever. It is a fad.
2) Your poker winnings could be luck.
|