“Should I sell my rental property in 2023?” If you own investment property, you’ve probably asked yourself this numerous times over the past ten months. Prices are high, inventory is low, and your appreciated property’s profits could be turned into even more rental units, making you wealthier over time. So, how do you know if selling and swapping is the best move to make? Or, if you do sell, could you be missing out on even more wild appreciation potential? Let’s find out!
Welcome back to Seeing Greene, where your investor, agent, lender, big guy at the gym who helps you with your form, and mentor, David Greene, is here to answer your real estate investing questions. This time, we hear from a Canadian investor debating selling her pricey Toronto triplex for cash-flowing American real estate. Then, David shows you exactly where to find rental property leases, when pulling out equity may not be a good idea, what to do when you CAN’T get home insurance, and how to calculate depreciation on your next rental.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
When to trade your reliable rental for more doors and bigger cash flow
Lease agreements and whether making your own or using a property manager is a better bargain
HELOCs, 401(k) loans, and the right way to pay off debt FAST
The home insurance crisis and what to do when you can’t get coverage for your rental
Calculating depreciation on a potential property and when tax savings AREN’T worth doing another deal
And So Much More!
Links from the Show
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Get Lawyer-Reviewed Lease Forms for Your Rental
BiggerPockets Podcast 728 on Medium-Term Rentals
BiggerPockets Podcast 819 on Insurance Crisis
BiggerPockets Podcast 820 on Late Starter’s Guide
Books Mentioned in the Show
Pillars of Wealth by David Greene
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-831
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