My recent propert comparables.
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I finally got it though lets refresh for a moment. As I mentioned spent the better part of four years living this way. Until the day I became homeless. I lived that way for some time with my wife and I living the life that felt like we aere fugitives and running from life and sometimes the law when we would get kicked out of places we were parked. Now whether you know this or not we had five dogs from small to very large with us in a mid sized compact car.
I had blown the inheritance but I had managed to do one thing right over the last four years. Upon leaving my cushy union job I rolled my 401K into an IRA and then I invested it into real estate. this is what I want to talk about before I post the article I have been reading.
When my cotenants and I purchased our parcial we paid close to $20,000 per acre. I just received the comps for the property and they are already at $34,000 per acre in only four years and we haven’t reached the four year mark yet. That’s approxamately 25% per year compunded with tax deferrment when we sell it.
25% per year is an excellent return on my original investment wouldn’t you agree. From this point on my reurns should get even better. Even though we are in a “housing bubble” this is an excellent time to make huge profits in real estate. Well tomorrow is Mothers Day and I say thank you to all of the hard working mothers out who make their children’s, spouses, and their parents feel like life is worth living for.
On this very special day I am giving a huge thank you to all of you moms. THANKS MOM!!!
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Tagged with: comps • Mom • mothers day • property • return on investment • returns
Filed under: case study • education
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I came across your site while I did a search on Google for working moms and your article on My recent propert comparables. was informative.