View Single Post
  #11  
Old 09-14-2005, 12:20 AM
Pantera Pantera is offline
Senior Member
 
Join Date: Dec 2002
Location: Tulsa OKLA
Posts: 1,337
Thanks: 0
Thanked 2 Times in 2 Posts
Default Re: ??? about Realestate sale(not car Related)

I know about the exchange and the pitfalls it has if not done by an attorney. Sometime I have to quit buying more and divest myself of some of them. The return on them has been so bad the last 10 years that I am considering selling them and putting the money into interest bearing investments where I don't have to go mow the grass every 10 days.

I also want to build a 3 to 4 thousand sf building on the back of my home to keep the car collection in. This would keep it close where I would be able to work on them more often. The building I have now is just not big enough. I need to have it for my business and a seperate place for my work on the cars.

I hate the idea of moving every 15 yr much less every "2". I have been here since 1989. It is good to know that the money from it is mine to keep if I should sell it. I think I might be able to double my investment on it as it was a repo when I bought it.

My problem is that I like the area and it has grown so much that I could not afford to buy a different house nearby and come out with enought to build the building as big as I want on the back. I only live 1 mi from where the Powertour stopped here in Tulsa two years ago. Mine is the smallest house in the neighborhood at 4,800 sf. Everything that I have looked at is more expensive or larger and/or doesn't have a lot big enought for the new building.

If I move I want to downsize to 2500-3000 sf with 1 acre lot. That is something that is just not avaiable around here.


I want to thank you and I do appreciate your inpuit.

Pantera
__________________
70 BM Phase III GT Vette
69 BM SS427 GT vette?
69 L78 Nova 7k mi
73 Pantera
69 Vette B/P SCCA
Reply With Quote