Posted 2/11/2019 21:15 (#7314938 - in reply to #7314701) Subject: RE: Another investment question
The short answer is absolutely, maybe. For example, a couple days ago TMRand responded to a suggestion I made for him to consider. He confided he has land worth a couple million bucks, yet at times barely has enough cash flow to pay the light bill. With the rise in interest rates of late, he could sell it, pay some tax, and still have prolly north of a $70,000 guaranteed annual investment income. Then go do something else besides, actually getting renumerated properly for his time. Now he goes from not having a couple hundred bucks in the bank, to a mid six figure income. All most likely with much less stress. All that being said, if you could rent it out and recieve a 4% return on what you believe would be the value after taxes if you sold it, then I would advise to keep it.