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Updated about 6 years ago,
Rental properties when to sell
Hello
When is the best time to sell rentals after holding for years....assuming no big jump in value
Seems to me if the market is steady...putting a long.
The best time to sell rentals before retiring is to get to the point of rentals being paid off. One has used up all the deductions on taxes...the building and land are paid off by renters....this is the best time to sell...we have used all the advantages from the property...sell take the cash and buy another property with some money down and invest rest of money in mutual funds or invest all the money in stock market mutuals going forward...
If one keeps the property after pay off the only benefit is cash flow...is is not as efficient use of money as when one is paying on it....not as much benefit...plus maintenance issues will creep in so that will lower cash flow
What do you guys think..when do you think is best time to liquidate rentals...to max out benefit?