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Strategies & Market Trends : Real Estate home/investment
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To: David Jones who started this subject8/7/2000 6:28:39 PM
From: David Jones  Read Replies (1) of 73
 
Ok well talking to my self again. Hopping someday someone here would like to discuss areas of the U.S they feel will appreciate. Practically the baby boomers retiring, the what's and the where's of it's implications.

Last purchase was a single residence for 172k sale, 38k down, close 11/30/98. Reappraised last month on 7/01/00 for 260-269k.

Currently I've completed the two years required "primary residence", to take advantage of single person 250k non taxed cash out. "This location, different than the above, it's probably my next home". If I was of the mind to sell this particular property. Completed refinancing of same today and am in position to pursue zoning changes, make curb appeal work I've planned and buy some toys. Next spring I'll reassess my holdings and am of the mind to take profits and 1091 the balance into something else, but staying flexable.

Looking hard towards the east in the Sierra foothills also feelers out in Talsa area of Oklahoma, outlining areas of Phoenix Arizona, Baton Rouge Louisiana and Kona side of big island Hawaii. For something that sparks my interest. "What I call property with a back door"

Have I mentioned I'm retired on disability the past 14 years. In that time I've increased my equity wealth on paper x9. And my borrowing power surprises me sense I'm always what the bank calls outside their box. i.e. more equity than income.

"The one thing they're not making any more of is dirt"- Charley Payne. Sold real estate after WW1 till his death in the 60's.
Thank you grandpa.
Dave
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