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The reason for selling is last year I took out a loan from my 401k to buy and rehab another real estate property. I figured it would be a quick remodel and flip but every step went south with many issues along the way. I'm now a month out from the repayment being due and even with an accepted offer I won't have the funds cleared in time to pay back the loan without penalties. This was my 10th flip and first that I have ran into these kind of issues. I was going to take out a HELOC on 2 properties to pay it back but with the expenses it just seems smarter to sell out current assets that are just for fun and not touching equity in my properties. Selling my corvette and jeep as well. Then in a few months I'll probably just end replacing everything with something different since the property will be out of my hair by then with at least a little profit. The life of a part time real estate investor has its pitfalls and a wife that's not happy about me buying toys when I have 100k loan needing paid back asap. So that's my predicament.
As far as universal Don I could do $30 shipped usps priority. Obo
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