[quote=paramount][quote=UCGal]
– You say you’re not cashflowing.
[/quote]
I’m not…thanks to Jerry’s Kids.[/quote]
You sure it’s not because you’ve paid too much, or that it’s older and needs more maintenance, or that you’re not getting the right tenants who will care for it better, or that your insurance is too high, or your interest rate is too high, or that you haven’t made the right improvements and marketed it properly to get the best possible rent/tenants? No, it’s because of “Jerry’s kids.” Riiight…
So, let’s hear the specific details about how you would be making money if not for “Jerry’s kids.” Details, please! This should be fun!
Here’s something to get your started. It shows the states with the lowest and highest property tax rates…and your beloved Texas is one of the highest, while California is not.
As for my 2 cents regarding whether or not you should sell, I think you should sell. Get the tax-free gains and relatively high price while you can. Inventory and interest rates are low-ish, so you might as well take advantage of the market conditions.
