EP223 Is It Time To Sell Your Rental Properties? Roundtable Discussion with Ben Blake, Jeremy Schumann and Justin Workman

Published: April 13, 2020, 5 a.m.

b'

Back in the pre-covid-19 days when people could actually sit together in the same room, a group of rental property owners met to answer one simple question: \\xa0"When is it time to sell your rental property?" \\xa0Even though the world has changed considerably since then, the answers they came up with still hold true today.

Let\\u2019s say you\\u2019ve acquired a decent sized portfolio of rental properties, they\\u2019re cash flowing, well-managed, and achieve your goals of long-term wealth.\\xa0 But maybe the cash flow you\\u2019re receiving isn\\u2019t enough to allow you to quit your job, or retire early, or pay for that cruise ship vacation.\\xa0 However, there is enough equity in your portfolio to sell for a substantial profit.

Is it time to sell and take your chips off the table?\\xa0 Or are you better served to stay on the \\u2018buy & hold\\u2019 path that you set out on so long ago?

Many investors are faced with this very question, and I have two of them in the studio with me today.\\xa0 Plus, I have a very special guest who\\u2019s going to help us talk through this very important decision-making process.

My first guest is Ben Blake, and when he was last on the show, episode #149, he discussed his 12-unit Grand Rapids portfolio, and why he decided to take over the management himself.\\xa0 Ben recently sold his entire portfolio, and today we\\u2019re going to learn why.\\xa0

Also in the studio is Jeremy Schumann, who owns a 13-unit portfolio here in Grand Rapids, Michigan.\\xa0 Jeremy is currently trying to decide whether he should hold or sell, and we\\u2019ll be talking through that decision with him.

And friend of the show, Justin Workman, is joining us as well.\\xa0Justin always lends a mathematical and informed perspective on these types of decisions, and I\\u2019m sure he\\u2019ll balance out any opinions I might have as the four of us go through the different thought processes and cashflow and appreciation calculations a rental owner must consider before selling their investment property.

And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

'