Your investment property is vital to your financial future, reflecting your aspirations for income and wealth building. However, you may wonder if it’s time to sell as time passes. One reason to consider selling is if you need cash for another purpose, as real estate equity can be a valuable resource. Additionally, the cost of maintaining an aging property can become burdensome, especially if repairs outpace rental income. A stagnant market is another indicator that it might be time to move on, as areas that once thrived may no longer offer growth potential. If your property isn’t performing as expected or generating the income you envisioned, reallocating your investment to a more lucrative opportunity might be wise. Lastly, an unbalanced portfolio heavily reliant on real estate can increase your financial risk, making diversification through selling a strategic decision.
source: https://www.expresshomebuyers.com/blog/5-signs-its-time-to-bid-farewell-to-your-investment-property/
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