Why Now May Be a Good Time to Sell an Income Property
Buying an income property is a great way to make money through real estate investing. Not only do homes have the potential to gain value over time, but when you own a rental, you get to generate steady income that opens the door to more opportunities.
But you may be reaching the point where you want to dump an income property in your portfolio. Maybe you've grown frustrated after years of dealing with tenant issues. Maybe you're starting to see too much new apartment construction in the area, and you're worried about the neighborhood becoming overly saturated with rental homes. Or it could be you're just plain tired of owning actual properties and would rather grow wealth by buying REITs, or real estate investment trusts, which are a lot less hands-on.
Either way, if you're thinking of selling an income property, now's a pretty good time to do it. In fact, if you wait too long, you might end up losing out on the chance to profit big time.
Source Fool.com
