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Updated over 1 year ago on . Most recent reply
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Timing of when/if to sell STR producing well
First time posting. Would gladly welcome feedback. Bought a 6/6.5, 3,600 sq ft home second row ocean facing Feb 2022. It is cash flowing very well. First yr 160k gross (end of May-December) and this year already over 210k gross. Bought for 1 million. Houses same as mine are selling for 1.9+ in one year. Got me thinking, when should I sell? I know some will say keep it forever others would sell. Looking for solid, reasonable wisdom on when/if to sell. Appreciate the feedback.
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- Real Estate Broker
- Cody, WY
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Quote from @Salvatore D'Agostino:
In my mind, it's a very simple answer: you sell when you can invest the money into something that produces a greater return or moves you closer to your goal.
The reason you can't decide what to do is because you haven't set goals for yourself.
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- Nathan Gesner
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