I am planning on exiting the landlord game. I found a company called Flock that will buy the home and exchange it for shares in their company (basically a REIT). They pay a pretty decent quarterly dividend. I am able to sell some shares after three years, with six months notice.
I feel like I have won the lottery with being a landlord over the past few years with real estate appreciation.
I would love to exit totally but the tax bill would drive me crazy.
I feel like this company is providing a graceful exit and I can delay the tax consequences for much longer without some of the risk of being a landlord .
I guess the only question I have for the forum is, do you think their one percent annual fee ultimately make this a bad choice?
I feel like I have won the lottery with being a landlord over the past few years with real estate appreciation.
I would love to exit totally but the tax bill would drive me crazy.
I feel like this company is providing a graceful exit and I can delay the tax consequences for much longer without some of the risk of being a landlord .
I guess the only question I have for the forum is, do you think their one percent annual fee ultimately make this a bad choice?