Sell My House?
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- slinky
I really feel like selling it... July 1st I will have owned it for 2 years. I will have made $100k-$150K by selling.
I would just love to get outta debt,..
- JazX0
I love the way you think slinky.
If you can find another place where you think you'll make just as much money and still build equity, then do it. If you sit on it another year, it will probably be even worth more.
- todelete__20
are you going to buy again? another mortgage, for more money = higher payments.
but i did it last november. sold for 100k more. paid off everything. much better. good luck!
- JazX0
it always amazes me that us three post in the same style threads first. We must think like sharks. hahaha
- tenpointtwo0
Why don't you rent it out? Or turn the basement into an apartment? Especially if you live near a college campus....
Maybe you can save up a new down payment, rent out your house, use the rent to pay your mortage- and that way, you'll own two houses, all profit baby.
- nick0
sell everything you own.
give all of your money to charity.
keep enough for a pair of flip flops.
love,
- bedenken0
I am curious, what is the value of the home that you can make $100-$150K in two years? Or, have you done something else to return such a high gain in only 24 months?
I'd really like to know... I'm in the markert for my first home. Cheers.
- bumblefuck0
this might be a good time, many people feel there's a bubble that may soon pop
- Dita_kz0
nice one! We're selling up next year so far our property has doubled! How amazing is that!
- johndiggity0
sell before the bubble bursts, but that might be a while in dc.
- kld0
remember unless you reinvest you'll be taxed big time on the gain. mother b*tches.
- Dita_kz0
Once I sell I'm outta here emigrating to Canada!!! See ya Great 'Fucking' Britain!!!!
- JazX0
sell before the bubble bursts, but that might be a while in dc.
johndiggity
(Jun 13 05, 14:39)yeah a LONG while, like Hiroshima style. Why are you guys so surprised?
Real Estate is the way to go to make real money.
- johndiggity0
eventually real estate prices will cool off. even here in baltimore, they are crazy, but people keep buying.
- JazX0
A building that a friend and I bought in 2002 is finally being rennovated and we bought another smashed up house for only 17K. We put 25K into it and we sell it for 100K in a trendy neighborhood. Major pain in the *ss, but nice investment. You have to look for those little hidden gems. Lot of work, but hey...
We'll lease out the building or just plain (preferrably) sell the thing and make at least 400% profit.
- nick0
may as well just start selling cocaine
- slinky0
bedenken,
i bought it for $228k and now it could be worth as much as $350k... its just an awesome market...
but i am fearful of bubble pop... although DC will be last to feel it... but i think there is toooo many real estate investors who own property here and if they ever decide it is time to sell then it will be harder for me to compete for buyers.
good luck on 1st house.
- slinky0
kld, i think i avoid the capital gains tax.
I have lived here 2 of 5 years and i will be making less than $250k on the sale. (both requirements)... i think this is a one-time thing were you can avoid it.. at least i cant do it aagain for a while i think.
- canuck0
There was a Newfoundland politician named Joey Smallwood.
He must have had a hard time growing up haha.
- canuck0
EF!!!
- bedenken0
You folks are making some serious return on your investments. Very cool. Way out of the league I am looking to enter for a first home though. Whew!