Are you expecting a real estate crash?

Sign up, and you can customize which countdowns you see. Sign up

Report problem with this ad

Apr 8, 2020
8:20:44am

Harbinger Walk-on

Are you expecting a real estate crash?

Report problem with this ad

Harbinger

Bio page: Harbinger
Joined: Mar 13, 2020
Last login: Dec 26, 2020
Total posts: 5,210 (11 FO)

Report problem with this ad

Messages

Author

Time

POLL: If you have had a rental property for enough years, which would you do?

Misteak

4/8/20 8:16am

Are you expecting a real estate crash?

Harbinger

4/8/20 8:20am

No. I just wanted some thoughts as to how to make the most of things.

Misteak

4/8/20 8:53am

Sell it, and take the equity and lever up on a more expensive property, which

Iman23

4/8/20 8:29am

This was another thought I had, should have included it in the poll.

Misteak

4/8/20 8:51am

Or keep it, but borrow against it to pay the 25% down on another property

DC12

4/8/20 8:53am

This is even better if you can, can can be tough if you don't have enough equity

Iman23

4/8/20 8:58am

Are you sure it’s 25% for an income property? I thought it was 20%

Misteak

4/8/20 9:07am

It’s 20%, but you get a better rate at 25%

DC12

4/8/20 9:14am

Some lenders are offering 15% down in a 30/15 loan

TheRealU

4/8/20 9:49am

If you sell, use 1031 or you'll use a lot of gain for income taxes.

grandpacoug

4/8/20 9:05am

Careful with tax consequences if you sell. Could be a big hit.

JJCoug

4/8/20 8:42am

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad