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re: To sell or not to sell commercial property?

Posted on 1/27/24 at 8:05 pm to
Posted by Mohican
Member since Nov 2012
6179 posts
Posted on 1/27/24 at 8:05 pm to
40 y/o, married 2 kids.

All our eggs are currently in this basket, yes.

I run a construction subcontracting company that does about $1-1.5M per year. Pay myself about $70-75k plus bonuses when I can. Wife makes 40k.

If I sold I would want to immediately put the money in some kind of investment. Being self-employed I don’t really have a retirement account per se. It’s this building and that’s about it. But real estate just seems like such a magic bullet and this has been a damn good one.

Worst case scenario I can’t fill a tenant and have to sell out. Would I get list price? Who knows but I mean it pulled list without even listing it lol.

No guarantees though that’s for sure.

Posted by shamrock
Baton Rouge
Member since Sep 2015
3629 posts
Posted on 1/27/24 at 8:45 pm to
Agreed and sounds like you want to sell it anyway..will relieve some stress
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