When should I sell my rental property
When is the best time to sell my rental property? Thanks!
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Joe Villeneuve
#5 All Forums Contributor
Pro Member
#5 All Forums Contributor
- Plymouth, MI
5-7 years. That's when the CAPEX starts to kick in for all the items you didn't replace when you first got the property. Replace them when you buy, and you can bury the cost in the mortgage and have the tenants pay them off in small amounts over time. The cost will be spread out over the length of the mortgage (30 years), so in reality, you're not even going to pay full price for the use of it.
Pay for it after you buy the property, and it's a lump sum out of your pocket...and all that cash flow you made up to that point goes "bye-bye" in what seems like an instant.