Once you have acquired all the properties you can within your LVR/comfort level, is it typically worth selling one of your already renovated properties just to have the buffer to purchase another one to renovate again? i.e. or would the selling/buying costs typically not make it worth it
Hi Mixed Up,
Some people have a very strict aversion to selling properties, but if your at your limit then NOT selling can actually hinder your overall wealth progress. There is some merit to actually selling properties if you think that it will free up some capital and allow you to invest elsewhere in something that may give a better return. It is wise to do figures and check your investment returns each and every year to see which assets are performing at what level and if need be, sell the under performing assets to make room for better ones.
Amanda
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