As with any real estate purchase there are short term and long term opportunities to sell a property and profit. To make the “right” decision you’ll have to answer your own questions about risk, cash-flow, capital gains and personal ease of mind.
Short Term
Selling a property in the short term can provide a quick return but may be short sighted and you could miss out on further appreciation. You’ll then have to consider what to do with your returns ... invest it else where or let it sit in the bank. There are various tax implications as well with Capital Gains Tax. You will want to consult a tax professional.
Long Term
Holding a property for the long term can provide positive cash-flow and build equity in property which can become an annuity over time. When you hold your property long term then you understand the ups and downs of any investment and are prepared to ride any changes in the market. Historically an up and down market still maintains an upward path over the long term. |