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SVTPerformance's Chain of Restaurants
Road Side Pub
Who's in the rental house business?
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<blockquote data-quote="PhoenixM3" data-source="post: 16168321" data-attributes="member: 140283"><p>My wife bought her first place in ‘88 right before we met. I was in San Diego for an Advanced Electronics “C” school, met her, and I thought she’d be my summer fling. Long story short, we married in ‘90, bought a second place in San Diego in ‘93, but kept them after we got assigned to go overseas. They were great rental properties, and with only a couple exceptions, managed them ourselves. </p><p></p><p> We had always wanted land, which is something we couldn’t afford in SOCAL, aside from the desert (which we hate). We chose Colorado several years before purchasing our first property there. Soon after, we sold the properties in San Diego and bought twice as many in Colorado due to equity and cost per square foot. We used a 1031 to avoid capital gains, and this income will carry us into retirement, whenever that comes.</p></blockquote><p></p>
[QUOTE="PhoenixM3, post: 16168321, member: 140283"] My wife bought her first place in ‘88 right before we met. I was in San Diego for an Advanced Electronics “C” school, met her, and I thought she’d be my summer fling. Long story short, we married in ‘90, bought a second place in San Diego in ‘93, but kept them after we got assigned to go overseas. They were great rental properties, and with only a couple exceptions, managed them ourselves. We had always wanted land, which is something we couldn’t afford in SOCAL, aside from the desert (which we hate). We chose Colorado several years before purchasing our first property there. Soon after, we sold the properties in San Diego and bought twice as many in Colorado due to equity and cost per square foot. We used a 1031 to avoid capital gains, and this income will carry us into retirement, whenever that comes. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Who's in the rental house business?
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