"If you’d rather not eat cat food in your retirement, you’d better invest in condos."- Developer Brad J. Lamb.
Lamb figures it will take you 12 years to do this.
Once you have achieved this nirvana, you then sit on the properties, with your tenants paying off your mortgages, for another 13 years. Twenty-five years after making your initial investment, you have enough assets to retire. At least according to Lamb.
“our education system doesn’t teach (retirement planning)."
"Also, it doesn’t hurt that I own properties, and some people (here) will buy some units."
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