We live in a beautiful 100 year old brick building that we own. It has four apartments and we live in one. It is over-improved for a rental and is very well maintained with many nice unique features. For example, our apartment has three fireplaces, in the kitchen, bedroom, and livingroom. For a variety of reasons we are going to sell our place and move to Minneapolis/St. Paul. Based upon what the first realtor has said, we will probably get out of this place only enough money to buy a small single family home in St. Paul with about as many square feet as our apartment. And we won't have three other tenants paying us rent. Property taxes will be lower though.
Bummer.
It is tough to move from a low cost area to a higher cost area. But we are going to do it anyway.
Bummer.
It is tough to move from a low cost area to a higher cost area. But we are going to do it anyway.