My wife and I went out for breakfast, and on our way back we decided to drive by our first home which we sold 25 years ago. It had a "SOLD" sign on it. I immediately googled it and it sold in twelve days with multiple offers. It went on the market at $1,088,000.00.
The house is a little over 1,600 sq ft with no garage or carport...just a driveway. We kept it as a rental for twelve years after we bought our current home. We sold it for $350,000 and bought a 4plex. The 4plex is now worth about twice as much as the old house.
Last year we bought a beach home for about the same price this little house just sold for. In no way will the beach home appreciate at the same rate as our old house.
Should I have bought our old house back as an investment, or bought the beach home as our place to enjoy our retirement? I have no disappointments for any ventures in my life. I will never look back in regret. The future is now!
Here's a pic of our old pad as it looks now.
Bob
The house is a little over 1,600 sq ft with no garage or carport...just a driveway. We kept it as a rental for twelve years after we bought our current home. We sold it for $350,000 and bought a 4plex. The 4plex is now worth about twice as much as the old house.
Last year we bought a beach home for about the same price this little house just sold for. In no way will the beach home appreciate at the same rate as our old house.
Should I have bought our old house back as an investment, or bought the beach home as our place to enjoy our retirement? I have no disappointments for any ventures in my life. I will never look back in regret. The future is now!
Here's a pic of our old pad as it looks now.
Bob