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Mathjak I need your opinion. Reading your posts, I gather you amassed your wealth from real estate rentals and investing.
If you had a 1 bd rm condo in a prime area (i.e. Dumbo), would you sell it, and take the profits and invest in equities. Or keep it and rent it out, with minimal profit from rents, but knowing the unit will continue to increase in RE value over time?
Mathjak I need your opinion. Reading your posts, I gather you amassed your wealth from real estate rentals and investing.
If you had a 1 bd rm condo in a prime area (i.e. Dumbo), would you sell it, and take the profits and invest in equities. Or keep it and rent it out, with minimal profit from rents, but knowing the unit will continue to increase in RE value over time?
85dumbo,
If you rent it out, where would you live?
(I certainly would stay out of the equity markets until this correction bottoms out and I am talking long-term correction.)
If you rent it out, where would you live?
(I certainly would stay out of the equity markets until this correction bottoms out and I am talking long-term correction.)
Mathjak I need your opinion. Reading your posts, I gather you amassed your wealth from real estate rentals and investing.
If you had a 1 bd rm condo in a prime area (i.e. Dumbo), would you sell it, and take the profits and invest in equities. Or keep it and rent it out, with minimal profit from rents, but knowing the unit will continue to increase in RE value over time?
In retirement our goal is to own no investment real estate.
We have been liquidating everything we could the last 15 years.
I only want passive investments now and dealing with tenants on any scale is not passive.
We live in bayside not manhattan and hopefully have enough to last a lifetime and then some.
It is more the cost of medical and long term care insurance then the cost of living in queens that gives us the biggest budget killer
Mathjak I need your opinion. Reading your posts, I gather you amassed your wealth from real estate rentals and investing.
If you had a 1 bd rm condo in a prime area (i.e. Dumbo), would you sell it, and take the profits and invest in equities. Or keep it and rent it out, with minimal profit from rents, but knowing the unit will continue to increase in RE value over time?
List it in AirBnB.
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