Short Term Rental Riches 51. Three questions to ask yourself before selling
Supply in the US is at a historic low, in fact the lowest it has ever been in many markets! That’s one of the reasons prices are so high and also why a lot of people are considering selling. But, there is more to selling a property than just timing. If you are considering selling make sure it aligns with your bigger investment picture.
There are several questions we want to always ask ourselves and make sure we have the answers. Planning is a huge piece of any long term investment and also your path to wealth and financial freedom. So, let’s discuss the following to make sure you’ve considered your options.
- Why EXACTLY are you selling?
- Can you use your proceeds better somewhere else?
- Can I keep my property AND still use the equity?
- Tax consequences
Trying to time the market? Check out Emerging Real Estate Markets by David Linhal
Doing a 1031 exchange? Refer back to episode #35
Want to get a crash course in just two days with everything you need to know to find, acquire and operate a short-term rental passively? Good news!
We’ve gone virtual and our next event takes place November 14-15th 2020.
For all the details and to save your spot head to: restmethods.com/virtual
For more info on finding the best properties get our free guide and more at restmethods.com
If you want to learn more about Tim’s journey, email us at resilience@restmethods.com for a free copy of the Amazon Best Selling book Tim co-authored: “Resilience, Turning Your Setback Into a Comeback.” Please make sure your subject line says “Book Copy”
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