The New Year is fast approaching and I have to ask; Is it time to evaluate your investment property?
Many of our clients purchased their rental properties during the Great Recession. They bought low and now may be the time to sell high. Or is it?
The very first thing you need to know in order to make an intelligent decision is to get a comparative market analysis of your income property. Listen, it doesn’t have to be detailed. But if you can be plus or minus 3%-5% you can have a good idea as to how to measure your future options.
- Should I continue to hold because I’m making good money on my investment?
- Should I 1030 Exchange myself in to fewer but more valuable income properties?
- Should I sell, pay the tax and relax?
There are, of course, a few other options and variables not the least of which is “where are you in your life?” What I am saying is that the real estate market in Kansas City has changed by leaps and bounds since 2009 and so may have your investment needs.
So, is it time to evaluate your investment properties? If it is, give me a call at 913-568-1579. I’d love to help.