YFP Real Estate Investing 61: Keeping vs. Selling in a Hot Market

Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, your YFP Real Estate Investing Podcast hosts, discuss how to decide whether to keep or sell a rental property in a hot real estate market.

Key Points From This Episode

The necessary discussions to have when ending a rehabilitation project. How a fluctuating market changes our decisions. Why you should be careful and methodical to maximize investment. The difficult choice between keeping the property as a rental and selling it for a gain. The three key points of making the decision: Do I buy it or do I sell it? Assessing near and long-term expenses to ascertain whether investing in that property makes sense.  Increasing predictability by making all necessary repairs at the beginning of ownership. How to assess a house: roof to basement.   The value of speaking to someone more experienced, for guidance.  How the overall housing market and specific neighborhood trajectories can be both similar and disconnected. The importance of knowing neighborhood-specific market trends.  How to change a property to fit the statistics that you are looking for. Staying on top of nuanced market trends.  Making wise investments in properties that are undervalued. What to do with the money after you sell.   When it is the right time to sell. Nate’s dilemma of whether to rent out a property or sell it.

Links Mentioned in Today’s Episode

Lima One Capital: The Nation’s Premier Lender for Real Estate Investors YFP Real Estate Investing 50: Deep Dive Into Spreadsheet Analysis YFP Real Estate Investing 29: Investing with Purpose YFP Real Estate Concierge Service Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing Your Financial Pharmacist Disclaimer and Disclosures