SELL SELL (by cimba [WI]) Jan 13, 2019 10:52 AM
SELL SELL (by Smokowna [MD]) Jan 13, 2019 11:25 AM
SELL SELL (by Lynda [TX]) Jan 16, 2019 10:53 AM
SELL SELL (by Ray-N-Pa [PA]) Jan 16, 2019 4:38 PM
SELL SELL (by cimba [WI]) Jan 20, 2019 1:25 PM
SELL SELL (by cimba [WI]) Posted on: Jan 13, 2019 10:52 AM Message:
Well boys and gals it appears that its time to sell again in BREW CITY... I listed a crib that I've owned for almost 15 years and the crackheads broke in stole the copper and wire in basement... You know the drill... Freakin water everywhere in my finished rec/bet/bat... No wiring in ceiling for entire crib from main... Well I fixed the 10k damage estimate from my insurance claim for 2500. Than decided to rent it again since no offers in over a month... Than, I rent it for 12 hunny plus 80/month for h2o... AND, get an offer on the crib the day we turn over keys... Turns out its an investstor from New York with 500k in bank is buying as investment... I inform realtor that I have about 150 more units that could be sold... I gave him a list and put prices and rents... Turns out he wants to buy 3 more... He had his realtor/manager walk through a few of my cribs last week that we were working on and they were extremely impressed on quality of work and details that are in each crib... I now have to show them 3 more next week... I have a plan to sell quite a few sfhs for roughly 100k each and either pay off multis or simply sell off at top of market/stash cash to by more higher end less cashflow less headache multis...
In any case this is a awesome hookup... I get to rent my cribs at top dollar and sell them rented to an investor at a fairly good price...
In any case... Looking back I'm glad I have all my units updated and ready to go at any time...
Peace out brudders and sistas from utter mistas,
Cimba Gone!!!
--172.3.xxx.xxx |
SELL SELL (by Smokowna [MD]) Posted on: Jan 13, 2019 11:25 AM Message:
Good good.
I was thinking about you not more than two hours ago.
These 100,00 sales, how do you handle the taxes brought on by the sale? Is that the going price for those homes?
--96.241.xx.xx |
SELL SELL (by Lynda [TX]) Posted on: Jan 16, 2019 10:53 AM Message:
Fortune knocked--and you answered. Go with it. You will cull the herd and set yourself up for a better grade of purchases, and the buyer will be getting Cimba-quality dwellings,PERFECT!
In between the closings,I see another vacation to Dom Rep in your future. I'm heading down 1st week of Feb. --108.87.xx.xxx |
SELL SELL (by Ray-N-Pa [PA]) Posted on: Jan 16, 2019 4:38 PM Message:
Time to 1031..... Its not to often Uncle Sam cuts yeah break - take it.
Nice job on nailing it! --72.23.xxx.xx |
SELL SELL (by cimba [WI]) Posted on: Jan 20, 2019 1:25 PM Message:
Well boys and gals... Luckily ol' Cimba has almost 300k of carry over loss in my accounting.... I can definitely afford to cash out on a few than I will prob 1031 into hopefully a larger unit that might make some sense...
Good luck fellow slummies, Cimbad Out!!! --172.3.xxx.xxx |
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