BiggerPockets Daily The Dangers of Hoarding Properties
11 snips
Feb 28, 2025 Dive into the pitfalls of hoarding underperforming properties and learn why it's vital to evaluate assets based on real performance rather than just door counts. Discover strategic investment techniques like the 1031 exchange that help in tax management and reinvestment. Gain insights into ranking your property portfolio by location and costs, while balancing emotional ties with financial realities. Regular assessments can enhance cash flow and improve your investment strategy!
AI Snips
Chapters
Transcript
Episode notes
Avoid Property Hoarding
- Don't hoard underperforming properties just to increase door count.
- Sell properties, even at a loss, to reinvest in better opportunities.
Property Evaluation
- Regularly evaluate and stabilize owned properties.
- Use a scorecard with metrics like cash flow, personal preference, management cost, proximity, and expected capital expenditures.
Property Ranking System
- Rank properties by cash flow, how much you like them, management cost, proximity, and expected capital expenditures.
- Combine these rankings to get an overview of your portfolio's strengths and weaknesses.