All Forum Posts by: James Haggard

Hi James! It did, we were all gathered in front of Community Tap starting around 5:30 and were there till 8:30! There was about 25 of us. Sorry to have missed you, hopefully see you at the next one!

I guess I should've approached someone! Lesson learned

Do you have a date planned for the next one?

0 Votes

Greenville, South Carolina

Did this happen?

I was up there about 5:15. It was my first time attending one of these through BP, and I couldn't figure out if there was a network group happening.

Thanks.

0 Votes

Greenville, South Carolina

Quote from @Theresa Harris:

If you sold it, what would you do with that money and how much income would that generate compared to keeping the house with the added costs of buying out your partners? Are there any major repairs that are coming up in the next few years (eg new roof)?

Thank you!

0 Votes

Quote from @Account Closed:

Quote from @James Haggard:

My wife and I own 50% of a rental property with another couple. The other couple also has 50%.

They're separated and are getting a divorce, so we're going to dissolve our partnership.

My wife and I are trying to determine if we should sell the rental property and use that cash for our next investment.

Or should we buy our partners out of the rental? Do a home equity line of credit, and use that money for our next investment.

We've had the rental for almost 7 years. The rental is out of state.

What factors should I be looking at to make the best decision? What variables should I consider? What numbers do I need to look at?

Thanks!

When deciding whether to sell the rental property or buy out your partners, consider factors such as the current market value of the property, any outstanding mortgage or debts on the property, the potential for appreciation in the future, and the rental income generated by the property.

Calculate the amount you would need to buy out your partners and compare it to the potential profit you could make by selling the property. Also consider the cost and risks involved in obtaining a home equity line of credit.

Evaluate your financial goals, risk tolerance, and investment strategy to make the best decision for your next investment.

Thank you!

0 Votes

My wife and I own 50% of a rental property with another couple. The other couple also has 50%.

They're separated and are getting a divorce, so we're going to dissolve our partnership.

My wife and I are trying to determine if we should sell the rental property and use that cash for our next investment.

Or should we buy our partners out of the rental? Do a home equity line of credit, and use that money for our next investment.

We've had the rental for almost 7 years. The rental is out of state.

What factors should I be looking at to make the best decision? What variables should I consider? What numbers do I need to look at?

Thanks!

1 Vote

All Forum Posts by: James Haggard

James Haggard has started 1 posts and replied 5 times.

Post: Greenville SC Investors Monthly Meetup [March]

Post: Greenville SC Investors Monthly Meetup [March]

Post: Should I sell my rental?

Post: Should I sell my rental?

Post: Should I sell my rental?