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19 March 2024 | 0 replies
High Maintenance Costs: Escalating maintenance costs can erode your profit margins.Change in Neighborhood Dynamics: Shifts in the neighborhood that negatively affect your property’s value are a red flag.Better Investment Opportunities: Selling might be wise if you've identified a more lucrative investment opportunity.Cash Flow Necessities: If you need liquidity, selling a property can provide a significant cash inflow.Tax Implications: Sometimes, selling can be advantageous for tax reasons, especially if you can benefit from capital gains tax laws.Personal Financial Changes: Changes in your personal financial situation may necessitate liquidating assets.Retirement Planning: Selling investment properties can be part of transitioning into retirement.Portfolio Diversification: Selling might be necessary to avoid overconcentration in real estate.Legal or Regulatory Changes: New laws or regulations can impact the attractiveness of holding onto a property.Ownership Challenges: If the burden of ownership outweighs the benefits, it may be time to sell.Real Estate Market Trends: Anticipating a downturn in the market can be a reason to sell early.Interest Rates: Rising interest rates can reduce the pool of potential buyers and lower property values.Property Value Appreciation: If your property has appreciated significantly, taking profits might be smart.Lifestyle Changes: Sometimes, personal life changes dictate a shift in investment strategies.ConclusionDeciding to sell an investment property is a complex decision influenced by market conditions, personal circumstances, and future investment goals.
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19 March 2024 | 1 reply
Add Value to the asset?
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19 March 2024 | 8 replies
Maybe from an asset based lender, or a private lender, just recognize the rates will be a lot higher.
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19 March 2024 | 46 replies
I just thought that while we are dealing with the $120,000 tuition bill it could help things financially.
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19 March 2024 | 4 replies
All of those things, unfortunately, increase during a recession, providing a safer base case for self-storage than some other assets.
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19 March 2024 | 11 replies
If you've done asset protection correctly, you won't ever have to worry about people suing you since your name would come up with no assets attached to it.
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19 March 2024 | 4 replies
Hey Rob, if my client or myself was in a similar situation my advice to myself and my client would be... if the profit margins are there, you have the capital to make the deal happen, there's news everywhere about rates being cut in the near future, and it doesn't put your family in any major financial stress by you making this deal happen and more importantly your comfortable!
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19 March 2024 | 5 replies
DSCR loans are more about the asset and less about the narrower.
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19 March 2024 | 4 replies
A local private lender that is asset driven is likely your best shot.
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19 March 2024 | 2 replies
Have you considered renovating it to condo conversion and being the owner of both units, renting it, and then 1031 exchanging it into another asset?