Quote:
Originally Posted by CyberAge-Dave
Man that sucks, don't you get a killer write off when you can't rent them out? What if you were to rent them out for a lot less? Was it in a bad location?
It's crazy, because everyone talks about the home crises, but nobody talks about how hard the Commercial market is getting hit.
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No. No. And No. lol
The properties were in the middle of a nice business district. When the economy tanked it seemed that 75% of the small business around closed up shop.
Shit happens. Fortunately I made enough money in adult to pay for that whole fiasco. And I learned my lesson about stretching myself too thin.
My grandfather (made millions in the citrus industry in Fla.) passed away a couple of months ago at the age of 91. And one of the pieces of advice he gave me over the years was: "If you try to do two things at once you'll only do them half as good"
He was right.