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Updated over 2 years ago on . Most recent reply

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Jason Vannoy
  • Investor
  • Wilkesboro, NC
1
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9
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To liquidate or stay the course

Jason Vannoy
  • Investor
  • Wilkesboro, NC
Posted

I am a 36 yo with a steady income from a career outside of real estate. I have 5 rentals and my fiancé has 3. We both have steady careers, etc. The question is a market timing one I suppose. Should we liquify stop the almost top of the market (now), place in a low risk, interest yielding account waiting for the recession fire sale?

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Jason Vannoy don't panic.  Let the other guy panic.  I'm thinking that you didn't get into real estate with a short term outlook.  Keep riding those traditional things we get in real estate for - long term wealth, cash flow, principle buy down, and appreciation.  In the 5,000 year history of real estate it's never been worth $0.  Can't say that for the stock market or even other currency types.  Stay that course. With inflation, you are losing 8% of your money in the bank right now.  So if your returns aren't 8% on that money, that means you are losing money.  Even if appreciation were 0% on your real estate properties for a couple of years, the cash flow and principle buy down will make your returns better. Long term baby.  That's the trick in real estate.  Hope all of that makes sense. 

  • Andrew Postell
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