I guess that rental income would include rental income received. I derive about $1700 per month from 2 properties acquired cheaply and paid off quick. Depending on individual circumstances, I would advise buying such properties, do some handiman work and use the income into retirement. Often, keeping the “starter home” —even if mortgaged —is a good way to acquire at least one rental property. Looking back on it all, real estate to me is the best way to build not only retirement, but a substantial estate. I wish I had been more aggressive in this investment area.
Oops..”rental” income = “other “ income
Do you have any idea what the rate of return on your real estate investments are, net after expenses? Just curious.
For those who don’t want to get involved with managing and maintaining properties, REITs may be an alternative. Most REITs pay a healthy yield but the dividends do not get the beneficial tax treatment that qualified dividends do.