#330: Should I Sell or Keep my Rental Property?
Real Estate Investing with Coach Carson
Chad Carson
4.9 โข 613 Ratings
๐๏ธ 12 February 2024
โฑ๏ธ 20 minutes
๐๏ธ Recording | iTunes | RSS
๐งพ๏ธ Download transcript
Summary
โญ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:
https://www.coachcarson.com/rpm
๐๏ธ Episode #330 โ Coach and Erion share insights on recognizing opportune moments to sell, such as peak property value or declining quality, and discover poor reasons that may lead to suboptimal outcomes. Whether navigating market fluctuations, evaluating replacement opportunities, we'll equip you with a strategic approach to maximize the potential of your real estate investments.
๐ Show Notes:
https://www.coachcarson.com/sellorkeep/
โถ๏ธ Next Video: How Much Tax I Paid When I Sold a Rental Property
๐ฌ Timestamps:
0:00 - Intro
00:41 - Rental Property Mastery
01:30 - 3 Good Reasons to Sell a Property
08:21 - 3 Bad Reasons to Sell a Property
15:20 - Checklist When Determining to Sell a Property
18:26 - Conclusion
๐ Connect with Erion
-
Erion's Twitter: https://twitter.com/investarchitect
-
Erion's Website: https://www.signaturehouston.com/
-
Erion's LinkedIn: https://www.linkedin.com/in/erionshehaj/
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https://www.coachcarson.com/toolkit-podย
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๐ Connect with Me:
๐ธย https://www.instagram.com/coachchadcarson
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๐ฆย https://twitter.com/CoachChadCarson
๐ฐ DealMachine โ Software to help you buy more real estate deals: ย https://www.coachcarson.com/dealmachineย
Transcript
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| 0:00.0 | What if you already own a rental property, but you're not that excited about it anymore? |
| 0:03.7 | Maybe you had a big repair recently that ate up all your cash flow. |
| 0:07.0 | Maybe you had a bad tenant, or maybe you're just nervous about the current market. |
| 0:10.9 | The question is, should you sell this rental property or should you keep it? |
| 0:15.2 | And how do you decide which one you should do? |
| 0:18.0 | That's the question we're going to tackle in today's episode of Ask Coach, and we're getting started right now. |
| 0:30.3 | Welcome to the Ask Coach edition of the Real Estate Investing podcast. I'm your host, Chad |
| 0:34.3 | Carson. You can also call me Coach Carson, and this is a show to help you get out of the financial grind so you can spend your time doing more of what matters. |
| 0:41.4 | Today's question was inspired by a 101 coaching conversation I had with Jonathan Mogollion |
| 0:46.0 | inside my community rental property mastery. If you haven't heard of rental property mastery, |
| 0:50.5 | it's a private community where I do coaching, where I'm helping people like Jonathan and 110 other people currently to find properties, to raise money, to get the financing |
| 0:59.4 | and the down payments they need for their properties, to learn how to manage them and systematize |
| 1:03.3 | them so that eventually they have a passive rental property business that pays them money |
| 1:07.7 | so they can have financial freedom. So if you're interested in that and you want |
| 1:11.1 | help in coaching and accountability and small mastermind groups, check out rental property mastery. |
| 1:15.9 | There'll be a link in the podcast and YouTube description below. To help me answer this question, |
| 1:20.0 | I had a conversation with my friend and one of the smartest real estate investors I know, |
| 1:23.8 | Arian Shi Hai from Houston, Texas. He's also known as the investing architect. |
| 1:28.8 | Now let's get to our conversation. |
| 1:30.9 | So before we go into like how to actually decide, |
| 1:33.7 | I think there are three good reasons and three bad reasons to sell a rental property or investment property. |
| 1:40.8 | So first let's go over the good ones. |
... |
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