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Randy Dodd's Blog

By Randy Dodd | Agent in Abilene, TX

Investing in Real Estate – Time to Sell?

Investing in Real Estate – Time to Sell?
Building Wealth in Abilene Texas Real Estate
Buy and Hold Buy and Flip Real Estate

What better way to finish my series of post on investing than time to sell. The question each and every investor must ask themselves, “Is it time to sell”? Only the Investor really knows the answer to the question. I will however give some of my thoughts opinions.
When selling your investment the main objective should be; sell at the highest possible price to maximize your return. To achieve this you will once again have to go back to the steps that led up to you buying the investment. Evaluate your property determine the value. Determine what maintenance is cost effective to do. Review rental contracts.
Should you decide that selling is the thing to do. Tell EVERYONE! Many Investors feel uneasy letting Tenants know the property is or will be for sale. That Tenant could be well be the buyer you are looking for, One of your team members that help you with the upkeep would be a good fit as the next owner.
Have a plan on what to do with any capital gains, so you don’t get stuck with a tax liability

Randy Dodd, Realtor, ePro, GRI, TAHS
Licence # 0583833
www.RandyDodd.net

Rosanna's Realty
2301 Barrow Abilene Texas 79605
(325) 692-5275 Office
(325) 692-5277 Fax
(325) 733-4405 Cell Phone
 
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