Lets say you had a rental property that went up considerably in value and currently has a nice chunk in equity. I dont see how property values can keep going up in that area. Would you rather keep collecting a decent rental income or would you cash out the equity? I argued with a client about this and he said he doesn't care about the equity but more interested in rental income which is in my opinion abysmal. The play itself in my opinion is in the equity and doubling the money you initially invested. Dealing with tenants is also a huge headache. Navigating Repairs, evictions is a huge pain in butt etc. I say cash out your equity and wait for next opportunity.
What does reddit thinks?
Submitted July 02, 2021 at 08:34AM by follow-spy https://ift.tt/2TlxTkL
