Take a minute and consider how much your investing business has changed over the past twelve months. There is a good chance that you have probably undergone some subtle, and not so subtle, changes in philosophy and direction. It is always better to be a step or two ahead rather than chasing outdated trends and strategies. Such is the case in dealing with an investment property. Not every rental is designed to be held onto forever. There are many cases when selling makes the most sense, even if you are netting a positive cash flow. It may seem outlandish to get rid of a cash producing property, but if it doesn’t fit your long term vision or is more trouble than it is worth it makes sense to sell. Here are five reasons to at least consider selling your investment property.
Very few rental properties are designed to be held onto forever. If you are disappointed in the numbers or the market has peaked you should consider selling. Holding onto a diminishing asset will weigh down your portfolio.
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