Right now we're sitting pretty good. DW and I 55, work 3-5 hours a week, our investment portfolio would give us 60K using 4% SWR, our rental properties give us 70-110K depending on how 'capex happy' we get.
So we started with 12 properties, doing pretty well with the sales. down to our last 4 best properties. We just sold a 7 unit for 345K that started as an 8 unit we bought 10 years ago for 170K. So it looks like this is a good time to sell 1 or more of the other 4. But if market conditions were removed (i.e. if we thought we could get the same amount adjusted for inflation 5 years, 10 years down the road as we can today), then we'd hold for at least 5-7 more years. What's making us consider selling next year is "Holy makeral...will we ever see prices like this again??!!"
If we sell for 90% of asking price, we'd have enough to take 80K with SWR 4% plus have about half mill "in reserve".
Love to hear your thoughts! It's a decision we've got to make but I would love to hear some side thoughts that I haven't thought of yet.
Thank you all!!
So we started with 12 properties, doing pretty well with the sales. down to our last 4 best properties. We just sold a 7 unit for 345K that started as an 8 unit we bought 10 years ago for 170K. So it looks like this is a good time to sell 1 or more of the other 4. But if market conditions were removed (i.e. if we thought we could get the same amount adjusted for inflation 5 years, 10 years down the road as we can today), then we'd hold for at least 5-7 more years. What's making us consider selling next year is "Holy makeral...will we ever see prices like this again??!!"
If we sell for 90% of asking price, we'd have enough to take 80K with SWR 4% plus have about half mill "in reserve".
Love to hear your thoughts! It's a decision we've got to make but I would love to hear some side thoughts that I haven't thought of yet.
Thank you all!!