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  • Profile photo of kristyadamskristyadams
    Member
    @kristyadams
    Join Date: 2007
    Post Count: 3

    Hello J

    I am in much the same boat as to hold or sell.  We have a rental property which we need to chip in $40 each week.  We had an offer the other day from someone to buy it, which would make $50,000 profit in 1.5 years.  Although our delemna is that the area is zoned industrial and industrial is becoming harder to find in this area so we were going to knock down the house and build a commercial shed which we could easily get $600 for a week.  Although my probably is the cash flow between knocking the house down and building a shed?  So do I just take the offer and run or somehow live on bake beans until the shed is built?

    Anyway sorry, that doesn't help with your situation!  Just talking out loud!  I really want to go to Steve's seminar although I'm a fair way away from any destination!  I'm working on it though.

    Cheers
    Kristy

    Profile photo of kristyadamskristyadams
    Member
    @kristyadams
    Join Date: 2007
    Post Count: 3

    Hello

    Thank you for your replies, one of my concerns also about that area is that they have no water, though I suppose you still have to live somewhere and it is going ahead there so it must not be too much of a problem.

    Thanks again

    Kristy

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