Quote:
Originally Posted by I-Hate-Hulse
After that - what's your end game? To hold till you die as an income generator? To sell when it hits a certain price? To move parents into eventually? Have a goal in mind it'll make your decision that much easier.
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I think hold as income generator is pretty much the intention, with maybe moving back into it in 20 years. Though having it does offer flexibility in other areas as well.
Quote:
Originally Posted by I-Hate-Hulse
If it involves renting for a while - it becomes a business decision - look at it that way. Is it easy to rent out? Is it attracting low maintenance tenants? Is it worth upgrading to try and attract a better class (and higher rent) of tenants? Is it in a desirable area with capital upside in your time horizon?
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We have a number of properties and it is by far my favorite, good questions.
Quote:
Originally Posted by I-Hate-Hulse
More importantly are there any dark clouds on the horizon to all of the above?
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Yeah that's what I'm trying to figure out, good suggestions I'll have to do some work on the reserves side of things.
Elevators we're "lucky" I guess since they're all being replaced via insurance due to the flood, resets the clock on those.
Realtor 1 read your post before you edited it, I tend to agree.