All Forum Posts by: Account Closed

Plus 100, selling properties on terms should be over value.

Caulking seems under rated, a lot of people can paint, but filling cracks neatly hides a lot of flaws.

Question was regarding flips, not long term holds.

People tell me you need to buy properties in really bad shape to flip profitable. Wondering where best other opportunities are? 

Probably used my circular saw more than anything, it's about 50 years old spits fire, real loud, just keeps going.

During the worst part of the melt down gold investments tripled in value while housing and stocks declined. The 1980 recession brought gold way up. Gold ran way up. The great depression, gold up over 20%. I you look at short windows over the past 90 years, gold managed the worse part of the crisises goldenly. 

Agree, assuming your not partly or fully commissioned, overtimed or bonused, in a manner that is of underwriting relevance. Or that your new job is not significantly different than your prior job. 

Steve, have leases in place on most of the properties, so doubt it would work out well to sell all in one calender year even if I wanted to. Plan to only sell one property this calander year, that was on a month to month lease. My tax rate for long term capital gains would not change though if I took the hit all in one year. Biggest challenge for me is giving up good tenants, I have several tenants for years that I really don't like telling them they need to move.  

Selling for cash regardless of 1031 or not, has some advantages. Someone could buy on contract and run down business, create further potential environmental liabilities, fail to make payments, and the market could decline. I would start the decision making process by getting several business valuations. And a opinion of value from a commercial broker. Hopefully all the divergent opinions, will give you a better idea of value. I would than consult with a financial planner to help with the decision.

"Precious metals no longer seem to be the contrarian investment."

My current plan is sell off all my rental properties in the next year or so, and buy properties only for  flips with 2/3 of the funds from my portfolio and use the remaining 1/3 of funds from the portfolio to purchase gold. Gold historically peaked at different times than real estate, and it seems to always increase in value when real estate declines.