Is it Time to Sell Rental Properties?

[Demetrius Davis]

I’m currently holding 3 rental properties in Chicago that I bought from 2015-17 at great prices (Under $50k each). They’re in Bronzeville, and on the Southeast side. All have great rents, and have appreciated by 20-75% in value due to renovations and market improvement. I believe we’re at the end of the cycle and am contemplating selling all or some of the units, as I don’t think there will be a significantly better time to sell in the near term. I’m wondering if other Chicagoland investors are at a similar place of considering cashing out. I have no immediate plans for the cash, but wonder if it’s foolish to not take the returns and run.