RC, it sounds like you are stuck with the mental battle that makes selling so hard. It's easy to say sell the one that had had the most gain, surely the rest will follow but that's not always the case. You can look at it one way of only picking the ripe fruit but you can always look at it like you should cut out the dead wood. Depends on where you are in the game I guess. If servicability is tight then it might be best to get rid of the poor performing ones to please the bank.
Luckily it's not something I have faced yet. I have just kept holding mine and they have all done well. Guess I will face the decisions later when the portfolio is a bit bigger.
Gools
Agree, every situation and every property is different. It also depends on what is considered dead wood. I would consider selling a property that had a lower yeild or higher vacancy, higher holding costs, etc. But I would think twice about selling just because a property hasn't yet experienced the gain that I was expecting. Particularly if I had other properties that have had good growth but may be nearing the top of their cycle.
By selling dead wood to buy in a growth area you're selling low and potentially buying high (higher).
I'd rather command a high price for the flower thats in bloom and buy some cheap seeds elsewhere.
That's enough, I'm starting to sound like Don Burke.
RC
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