I just received the excellent email from Steve McKnight. Steve advises his closes friends to sell marginal or properties that are not performing.
My question is I have a block of land bought 3 years ago for $67,000 and yestreday the real estate agent told me he would not let me sell it for less then $100,000. Would this increase in value be classed as a performing property in Steve's mind?
If I do sell this block it would pay my mortgage of outright and I would come out owning my home 100% at the age of 50.(Worth about $350,000)
I am inclided to keep land, it is about 1 block away from the ocean at Forrest Beach in FNQ. I don't know whwter this is an emotional decision or pure calculate good business sense,
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