I Turned Down an Offer that woulda made me $201K

[Sean Morrisey]

Today, I turned down an offer on my 16 unit multifamily building that would of made me $201,000. Why? Because I believe the cash flow this building will kickoff will feed me for a lifetime. And...30% in capital gains as tax and a $6000 prepayment penalty did not excite me. 1031 exchange may of worked, but, it sure is tough to locate a replacement property that would suffice. Thoughts?

[Jay Hinrichs]

you answered your own question.. if your not in the flipping business and your in the landlord business and you know and like the building keep it then..