Sharing Knowledge in Smallcaps

[rouster49]

Tim, yes!

I put a offer on one, right on a golf course (no problems from flying balls) in Bullhead City and I thought I would have my answer by today but guess it won't be until tomorrow. The comps showed it under market and even a positive (small positive..lol) cashflow.

Still holding my breath here.

There are plenty of good investments out there, I'm just trying to pick the places where I THINK the baby-boomers will most likely want to go as they retire over the next decade.
To get the better financing you need to buy it as a second house and then convert it to a rental for the big tax break later. You only need to live in it for 2 years to wipe out the capital gains. So first two years, you might want to target areas where the snow birds like to go to stay warm and rent to them for six months of the year.
Laughlin area seemed a likely candidate so that's where I went.
I'll keep you posted, if you wish...

Rouster