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Updated over 1 year ago on . Most recent reply

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Suvarna G.
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How is the multi-fam- quadruplex, duplex market doing in Austin?

Suvarna G.
Posted

Wondering if it is time to sell or keep.  I am cash positive but thinking if time to move to different markets.

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Joe Scaparra
  • Investor
  • Austin, TX
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Joe Scaparra
  • Investor
  • Austin, TX
Replied
Quote from @Suvarna G.:

Wondering if it is time to sell or keep.  I am cash positive but thinking if time to move to different markets.


 Are you investing just to invest? Do you have a plan or strategy; and then I ask you Why?

Are you after more money?  What is your why?  Are we trying to make more money for money sake?

Really, what is your goal, time frame and WHY?  This will determine which action to take.

If you are cash flow positive in this market, that is a really good thing!  Are you comfortable with your investment, location and tenant quality?  If your consider moving to something else how are these items going to fare? 

Don't make a move, just to make a move.  Be intentional, develop a strategy that supports your goal and a goal that supports your WHY!   Your goal stands on top.  The Why is the motivation to keep pursuing the goal and the strategy(ies) are the steps to accomplish your goals.

If over time you realize a better strategy to get to your goal then it may be time to make a change.  However, don't let money be the driving factor.  Making more money at what cost.  Selling, buying, relocating, finding new team to work with all take increase effort and uncertainty.   

Only you can make the determination.  But if you have found the fountain of youth, why look for another..............unless the fountain you found has flaws that warrant looking again.  Cheers.

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