Does It Ever Make Sense To Sell A Rental? With Charles Goodwin (Ep 475)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.9 • 805 Ratings
🗓️ 25 June 2024
⏱️ 25 minutes
🧾️ Download transcript
Summary
However, he has realized the practicality of the situation: some properties outperform others, and if a property doesn't meet expectations, it might be a good business decision to sell it and reinvest in something else.
On this episode we talk about two properties that Charles recently sold.
We figure out what went wrong and whether he should have noticed any red flags when he bought the property.
We also talk about what Charles did with the money after he sold it.
Transcript
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| 0:00.0 | Inspiring interviews with today's top landlords. |
| 0:04.7 | This is the Rental M-Comcast. |
| 0:07.6 | And now, Dan Lane. |
| 0:09.7 | Charles, do you think it ever makes sense to sell a rental property? |
| 0:14.4 | Well, when I originally started, I was thinking, no, it didn't make sense to sell a rental property. However, over time, I had learned that certain assets performed better than others, in which case I started changing my mind a little bit. And I do think there are some scenarios which it makes sense to sell your rental properties. |
| 0:34.2 | Charles isn't talking about selling all of his rentals, but every once in a while, |
| 0:38.5 | if you have a property that isn't performing as well as it should be, it might make sense to sell |
| 0:43.6 | that property and buy something else that's going to give you a higher return. And that's what Charles |
| 0:48.8 | has done. He had a couple of properties that weren't doing that great. He sold them. And we'll talk |
| 0:53.2 | about why he decided to sell |
| 0:54.9 | what happened and what he's doing without money. Joining us on the show today from San Diego is Charles |
| 1:01.7 | Goodwin. We'll take a quick break to thank our sponsors. We'll come right back and we'll talk to Charles. |
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