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#8
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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
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70 BM Phase III GT Vette 69 BM SS427 GT vette? 69 L78 Nova 7k mi 73 Pantera 69 Vette B/P SCCA |
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