Good afternoon, My name is Mark Severino. I am a real estate investor in Dallas, TX and owner of Best Texas House Buyers, LLC. My number one metric to determining if it is the right time to divest from a property is if the cash flow is not enough to pay for a property's monthly costs. For example, I have a duplex that has been doing very well for the past 6 years. Then with the upcoming tax increase the cashflow numbers will drop into the negative. I have looked at other options to maintain the property but after running the numbers and accessing my other options I will choose to sell the property and utilize that cash in other investment projects. At the end of the day I need the assets I own to increase my wealth. Per Warren Buffett, rule number one is to not lose money! I hope that helps! If you use my quote please city my website: BestTexasHouseBuyers.com Thanks! v/r, Mark
As an estate investor, I consider several aspects when selling a property. First, I observe the market, analyse the property's value, and check my financial condition. Five years ago, I bought and rented a property. The property’s location was good, and I had a fixed income. But gradually, the property’s value decreased, and I could not get the desired rent. There was another good property on sale, which I wanted to buy. Therefore, I decided to sell the property and invest cash in a better place for better profit.
It's all about timing and keeping an eye on the local market. It’s like trying to catch a wave; you’ve got to watch, wait, and then move fast. We watched for that sweet spot when values were climbing and buyers were eager but didn’t have many options. It takes patience and a lot of market watching. Really, it’s about making smart moves at the right time.