Buying & Selling Real Estate Discussion

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Michael P.
  • Rental Property Investor
  • Not Toledo, OH
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Sell my primary residence to avoid the coming crash?

Michael P.
  • Rental Property Investor
  • Not Toledo, OH
Posted Aug 27 2019, 12:00

All signs point to a crash.  I see it daily on BP.  Just look at the overvalued stock market and real estate market.  So how do I turn this into a win win situation?  I propose selling my primary residence, pocketing $450,000, waiting 8-9 months until the crash brings the value down to $200,000 and then re-purchasing back my house, or a neighboring house if its not for sale.

After I take away commissions and temporary rent I will pocket the $200,000 profit that will in-turn be reinvested into out of state F class areas, since the crash will force what used to be the middle class to move into the war zones to be able to survive.

Please find any holes in my plan.

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