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Real Estate
Reply to "Bought a house last fall for 800k serious buyer offering for 1.35 million, what would you do?"
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[quote=Anonymous][quote=Anonymous][quote]What would you do? Part of me thinks it's a great idea the other part of me worries that I won't be able to find a house of the same caliber with the profits made.[/quote] I think that's the question you have to answer. Spend a little time on Redfin seeing what's available in the area(s) you want to live in, and that will probably help you. I wouldn't be so excited about the half-million in profit if you have to plow most or all of it back into another suitable home.[/quote] And pay $100,000 in taxes on it.[/quote]
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