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Updated almost 7 years ago on . Most recent reply

Wendy Black's profile image
Wendy Black's profile image
Wendy Black
  • Investor
  • from Phoenix, Arizona
  • Member since Jul 14, 2014
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Wendy Black's profile image
Wendy Black's profile image
Wendy Black
  • Investor
  • from Phoenix, Arizona
  • Member since Jul 14, 2014
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Wendy Black
  • Investor
  • Phoenix, AZ
122
Votes |
230
Posts
Buying & Selling Real Estate

What I Wish I'd Known Before I Started Investing

Wendy Black
  • Investor
  • Phoenix, AZ
Posted

Taking exit strategies into account...

Our downpayment on a buy-and-hold OC condo 4 years ago was over $200k.  We owe a little over $100k on it.  Its value has increased by at least $100k since we bought it, but if we were to sell it and not do a 1031, we'd only get something like $80k back after taxes and commission.  

As much as I love real property, I would've leaned toward investing in notes.

  • Wendy Black
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