Re: I am sooo confused !!! - Posted by Tim (Atlanta)
Posted by Tim (Atlanta) on April 20, 1999 at 06:34:48:
Let’s see here…
- The stock market is at an all time high.
- Price to earnings ratios on most stocks far exceed any other time in recorded history.
- Everyone and their uncle have already bought into the stock market.
And you want to sell your real estate to invest in the stock market?
You don’t say it in your post, but I have a feeling that you are tired of dealing with tenant problems, right? First, offer to sell the homes to the tenants under a lease purchase. Since the tenants are buying the homes, they will take better care of them, and you can get them to take care of the maintenance. If the tenants do not want to buy, perhaps you can sell them to another investor. Go to your local real estate investors club and see if anyone is interested. One other option is to evict the tenants, then sell the homes on the open market. If you offer flexible terms, you should have no trouble selling them at full market price.
In my opinion, you should definitely stay out of the stock market !!!