Podcasts Business Your Financial Pharmacist YFP Real Estate Investing 61: Keeping vs. Selling in a Hot Market

YFP Real Estate Investing 61: Keeping vs. Selling in a Hot Market

Published: June 11, 2022, 9 a.m.

Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, your YFP Real Estate Investing Podcast hosts, discuss how to decide whether to keep or sell a rental property in a hot real estate market.

Key Points From This Episode

  • The necessary discussions to have when ending a rehabilitation project.
  • How a fluctuating market changes our decisions.
  • Why you should be careful and methodical to maximize investment.
  • The difficult choice between keeping the property as a rental and selling it for a gain.
  • The three key points of making the decision: Do I buy it or do I sell it?
  • Assessing near and long-term expenses to ascertain whether investing in that property makes sense.\xa0
  • Increasing predictability by making all necessary repairs at the beginning of ownership.
  • How to assess a house: roof to basement.\xa0\xa0
  • The value of speaking to someone more experienced, for guidance.\xa0
  • How the overall housing market and specific neighborhood trajectories can be both similar and disconnected.
  • The importance of knowing neighborhood-specific market trends.\xa0
  • How to change a property to fit the statistics that you are looking for.
  • Staying on top of nuanced market trends.\xa0
  • Making wise investments in properties that are undervalued.
  • What to do with the money after you sell.\xa0\xa0
  • When it is the right time to sell.
  • Nate\u2019s dilemma of whether to rent out a property or sell it.

Links Mentioned in Today\u2019s Episode