There will also be times when your investment has been poorly judged or the location has changed economically possibly due to a big company closing down. This would be a good time to sell a property before the investment becomes a drain on your finances.
Finally, if selling a property or a portion of your portfolio is part of your strategy then you should continue with that strategy. Some investors have a strategy that outlines a plan to buy and sell 40% of properties every year to give them the working capital needed to buy more properties and add to their 60% of rental portfolio.
These are some the situations you may find yourself in when investing in property and it’s worth identifying them to establish a good reason to sell a property.Summary
In this section you need to have understood the following:
• Identifying situations when an investor is wise to sell their properties