I have a property that was sold on a land contract.
The contract experies next year.
The buyer has paid for 5 years, never a problem.
The contract now pays 11%.
I'm thinking about renewing it at 7% or more if I can get it.
I'm 60 nearing retirement, would you accept 7% or just cash out and
invest the money in VTSAX. Cap gains will be minor.
Thinking about 10 year renewal. About $10,000 a year regular income vs.
long term cap gains or qualified Dividends if I sell and reinvest.
What would you do?