Updated over 3 years ago on . Most recent reply
When Property Values Go Up Significantly, When Should You Sell?
I have several multiple family properties that have gone up in a value a lot (IMO). Is there a legit formula or equation people use to determine when is the best time (or makes the most sense) to sell? Thank you!
Ex 1: 20 units Knoxville; Purchased $570K; Owe $350K; Local Broker thinks $1.6M may be possible.
Ex 2; 6 Unit in Indianapolis; Purchased $310K; Owe $187K; Recent RE Agent MKT Analysis = $700K.
Most Popular Reply
#5 All Forums Contributor
- Plymouth, MI
My answer is a long, long time ago. As of right now you have $1.765M in equity, wasting away, that is only worth $2.3M in Property Value. If you figure you put down 20% on a property, that means your $1.765M in equity should be worth $8.815M in Property Value. What would that give you in CF too?