mathjak107
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 27, 2005
- Messages
- 6,208
like i said , that is great , but in the mean time if need be they can't hit the pent up value in down years if principal has to be hit or rebalanced to refill cash .
it is bad practice in my opinion to count things as able to be spent as income if need be until that day actually comes . .
we own two investment co-ops which we would love to sell once the tenants die or take a buyout offer since they are rent stabilized . but until that day we do not count that money at all and we are talking multiple 7 figures since they over look central park . rents are near break even so cash flow is really nil .
it is bad practice in my opinion to count things as able to be spent as income if need be until that day actually comes . .
we own two investment co-ops which we would love to sell once the tenants die or take a buyout offer since they are rent stabilized . but until that day we do not count that money at all and we are talking multiple 7 figures since they over look central park . rents are near break even so cash flow is really nil .
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