Monday, September 10, 2007

FOR SALE-Ranch View Circle Units 30, 31 & 32

After over 30years of owning, managing, and maintaining rental units we are finally in the process of RETIRING!!! Jerry and I started in the landlord business with our first property on Vermont street in Anaheim, CA. We traded (1031 exchange) our one little house on Vermont into two houses on Alberta street in Anaheim, CA. The Smith's lived on Alberta in the main house and a renter in the smaller house. The Smith's had lived in the home since they were first married and had decided to move into a brand new Mobile home. The Smith's knew Carl Karcher owner of the Carls Jr. Hamburger chain in Southern California. We eventually traded our Alberta property in for our 6 unit Apartment building on Park Lane in Anaheim, CA. After owning the Park Lane apartments for 18 years we traded those 6 units for our 3 condo's in Anaheim Hills. It was such a relief to get rid of the apartment building because the last 8 years owning them was shear torcher. We had a 50% vacancy and the neighborhood had turned into a gang infested community. But, now after owning the condos for over 10 year it's time for Jerry and I to retire! Once we get these condo's sold, we will put our Redwood house on the market. Once all the rentals are sold we will continue our journey re-locating up to Northern Idaho. We are not sure when or if we will sale our primary residence on Bluewater Circle... But, we still have plenty of time to decide on that.

1 comment:

Vicki and Don said...

Best of luck on getting everything sold! I think I already told you that one of the best days was the day we sold our final rental property!! I can't wait for you to get everything sold and begin your new adventure in Idaho! You will wonder what took you so long!