Opportunity or Not!

I am thinking of Selling my coin collection for the opportunity to buy a piece of property which was kinda frequinted by Abe Lincoln....It is or once was a building owned by the Illinois Watch Company. Someone has now converted it into a duplex appartment building....I am pondering on buying this building....any thoughts!
0
Comments
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
I love watching people buy houses on TV and they NEVER check out the bones, by looking under the sink or checking out the basement or the circuit breaker box. But they adore the window treatments, color scheme, and kitchen appliances.
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
Good luck D.
Do what YOU think best!
-Mark Twain
Generally speaking...Real Estate is downtrending.
Coins on the other hand, due to some degree are on the rise because of
the Bull Market in Precious metals we are in.
That alone would not influence my decision to do the deal.
I grew up in Lincoln land (Springfield). What property is it? -If you don't mind disclosing.
Good luck in whatever you decide.
Someone has gone and modernized it...from what I see I like it...and it could be a money maker...I do not see how I could go wrong for the price...but I will find out all the details before I plunge....
<< <i>Someone has gone and modernized it...from what I see I like it...and it could be a money maker...I do not see how I could go wrong for the price...but I will find out all the details before I plunge.... >>
That is the only important consideration. Treat it like any other real estate investment. The history, (Illinois watch, Abe Lincoln etc) is nice but unlikely to make a significant positive return on investment.