Concept of Buy and Hold

[Goanar Mar]

I’ve started to practice analyzing deals one thing that I haven t been sure about assessing is when to sell or refinance a property? Obviously I know this can be a very personal decision but let’s say there is a commercial or residential property that you purchased and held onto for awhile. Also let’s assume things have went according to plan (which they rarely do) but you’ve added value and collected a steady cash flow as well as paid down the mortgage so the equity continues to steadily build. Is it based on your initial investment ? Or what is a good rule of the thumb for when to sell and move on?