Sometimes I over simplify my thoughts on investing in real estate….. As a generalization, I have an ingrained rule of buying a rental property for $50k and selling it when it hits a valuation of $125k -with the thoughts of reinvesting the money into two more $50k properties. We are still able to purchase single… Read more »
It was the February of 95′ and I was circling a neighborhood I had identified as an above average appreciation rate due to its gentrification. Here I was looking at a duplex listed for $68k and I had thought it was all I could afford… I had my neighbor with me and we circled the… Read more »
The back end of a 1031 Tax Deferred Exchange… I call it Big Blue. She’s a 2000 square foot Pre-1920’s two story Victorian that was converted into an upstairs/downstairs duplex some 30-50 years ago. 10 foot ceilings and 5 coal fireplaces with original mantels. It would be easy to convert back into a single family… Read more »
