Should you ever sell?

[Jorge Vazquez]

Hey everyone, my name is Jorge Vazquez. I'm a broker in Tampa and have been navigating the real estate waters for over 20 years. Given my time in the field, I wanted to share some insights.

For me, real estate has been a cornerstone investment. Why I advocate for holding onto properties:

1. The track record of real estate speaks for itself. It's consistently built wealth, often outperforming other assets. Before considering a sale, it's worth pondering if there's genuinely a better opportunity elsewhere.
2. Leverage is where real estate shines. The ability to use one property to finance another feels like magic at times. And with rentals, the dual advantage of tenants paying down the mortgage and the property appreciating is hard to ignore.
3. On the topic of rentals, having a tenant basically translates to someone else covering your mortgage. This turns what some perceive as a liability into a consistent income stream, more so with rents that typically rise over time.
4. To me, real estate is like a high-yield stock. The rents? Think of them as juicy dividends. Couple that with property appreciation and the annual bump in rents, and it's clear why it's a top pick for many.
5. Simplicity is a key attraction. The real estate game is straightforward, making it easy to strategize and execute. With the right moves, it can be a ticket to an early and comfortable retirement.

An observation: Many affluent individuals I've interacted with over the years have voiced regrets about letting properties go. Even with market hiccups, real estate's long-term trajectory has been positive. After all, they aren't making more land.

Now, flipping properties can be enticing, but it's a full-time gig. Casual efforts or attempts to outguess the market often backfire.

In conclusion, my mantra has remained consistent: buy, hold, and if needed, borrow against. Selling is a move I reserve for special circumstances, backed by thorough research and strategy.