- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Selling stock to buy foreclosure
Posted on 1/4/24 at 8:29 pm to Drizzt
Posted on 1/4/24 at 8:29 pm to Drizzt
If you have enough invested assets borrowing against a Pledged Asset Line may be a better option than HELOC. I wouldn't sell stock and realize the tax hit until aftwe the winning bid goes through which might be too late unless you have other cash lined up to finalize sale. My county requires 5% deposit for auction (forfeited if you win but don't come through w full payment) and balance is due next day.
If you dont wind up renting or flipping the house it just sounds like an expensive alternative to renting a storage facility and potential maintenance liability. Hope you don't get squatters in a vacant home just used for storage.
If you dont wind up renting or flipping the house it just sounds like an expensive alternative to renting a storage facility and potential maintenance liability. Hope you don't get squatters in a vacant home just used for storage.
Posted on 1/4/24 at 9:03 pm to TorchtheFlyingTiger
I was already looking at buying old shop space for my wife’s business so this is a better alternative since it’s so close. It’s also the classic example of one of the worst homes in a great neighborhood so it’s a good investment. I’ve renovated before and could probably flip this into a $300k sale with little renovation if rates drop and the market returns to normal. The house next to it is $900k.
Popular
Back to top
Follow TigerDroppings for LSU Football News