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Old 07-14-2010, 10:27 AM  
Robbie
Leaner, Meaner, Faster
 
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Join Date: Aug 2002
Location: Vegas
Posts: 20,959
Quote:
Originally Posted by CyberAge-Dave View Post
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.
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.
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