Quote:
Originally Posted by Normal
The “South” is a different animal all together. There are currently over 400 family apartment style units almost completed or being erected on the corner of 466A and Powell. In addition Wildwood has a brand new development that just started breaking ground last week between the new Home Depot and Target store area that looks massive. Add in the new non Villages units on the south side of 501 and you can see many options opening up for new Floridians. What once was a limited market is now morphing into something much different. Thousands of options are changing the old school playing field. I agree with the group in saying, “You aren’t going to get rich owning rental property.” It couldn’t be more correct as the tea leaves are being revealed for the next decade. If you own a rental, now me be a good time to egress into the “Cash is king” mode.
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That’s what we did…5 of 6 were owned inside of IRAs so no capital gains either. Got out before rates rose. Worked out quite well. We’re here now as a result.