Some house cleaning first. Part II of Transitioning from growth to cash flow will resume tomorrow. Now let’s ponder a bit.
Is the value of each property you own, worth significantly more than what you paid for it? Is it worth say, 1/3 more?
Do you have empirical evidence you’re better off staying put? In other words, not only staying where you are, but not moving the property.
In your judgment, should you have sold/exchanged any or all of your holdings long ago?
If you did make a move awhile back, did you simply acquire more local property instead of learning if you’d be better off elsewhere?
When was the last time you had a real pro analyze your income (investment) property portfolio with the goal of learning exactly what if anything you should or shouldn’t be doing?
If someone asked, would you be able to clearly explain your Plan to retire — the real estate part of that Plan — AND all the rest of it? (Without stuttering, or a bunch of pregnant pauses?)
Finally — Over the years, how many answers to questions you simply didn’t know to ask, has either damaged you, or caused you to miss out on solid opportunities? These realizations often hit as depressing epiphanies years after the fact.
The answers to these questions are the keys to your future — literally. For those who scoff at that thought, I ask you another question.
How’s that ‘spontaneous’ approach been workin’ out for ya?
Those of you wishing an objective opinion from an experienced professional, get in touch with me at 619 889-7100 OR send me a note using the Contact BawldGuy button up top. Have a good one.