You not understanding crypto != crypto lacking fundamentals.
Should I sell my $500k worth of RE property?
Ethan Wright
David Carter
Yes, perhaps I don't. I am have very old school investment philosophy approach, it helps me sleep well in night. If I had anything above 5 % of my net worth in cryptocurrency, I wouldn't be able to sleep tight.
Blake Thompson
You should have some crypto. You have enough for a few bitcoins, ethereum, and buy HOT. You could buy 100 eth of hot and flip it if you can at the right time.
Jaxon Robinson
Right. But that is not my biggest problem at the moment. I have few days to decide whether to sell or pass on the $500k offer. This is half million dollar question I need to answer myself.
Nathaniel Campbell
OP here,
it looks like, I'll have to try Jow Forumsfinancialindependence/ on reddit or biggerpockets forum. Community here is not experienced with investments and modern portfolio theory at tall.
Michael Morris
wait!
CRE Professional reporting in.
Dude, that property is not paying you shit. An NOI of 32k is nothing to write home about. A 500K offer is a solid 6.5 cap deal, good for both sides. Take it and GTFO. When the recession hits (agree with you on that, bigly) use the returns to snatch up inevitably foreclosed properties. In the interim, eat the cap gains (don't 1031) and use your network to find someone more established and intelligent on crypto than Jow Forums teenagers lmao. or just hold cash so you're even more liquid in the coming recession.
Evan Howard
If it expires in 10 days, you should sell. Buy property back in a few years. Invest in gold, silver, some good stocks, and buy some bitcoin and ethereum. Just hodl them for 5-10 years. Bitcoin will reach 100k or more in less than 5 years. Every time bitcoin was said to have "died" it came back harder.
Jack Peterson
Dylan Hernandez
Thanks for the input! I have just decided, it is a solid offer and I have no problem with reducing my cash flow for few years in exchange of potential capital gained from stock market after recession is over. I am selling @$500k and will accumulate most of the cash to wait for allocation during severe market declines.
On the other hand if the buyer will decline the offer, I won't mind and will enjoy my conservative 6.5 cap rate over the next five years. I did not have problem finding tenants even in 2010 and 2011. Location, location, location.
Robert Wright
I am selling if the offer still stands. I guess I will know the answer in the next five days.
I agree with gold, perhaps even silver, even though it is not that inverse correlated to market as gold, undervalued defensive and anticyclic stocks definitely, I'll pass on cryptocurrency.