Which Of Your Investment Properties Are Producing?
Generally speaking prices throughout Australia have held pretty well over the last couple of years through this financial crisis.
So this begs the question, “If you are still holding onto properties that are not producing well, should you think about selling them?”
It really is time to be planning for the next couple of years and there are going to be some very juicy bargains in the property market as some people won’t be able to meet their commitments due to unemployment and other financial problems.
One would have to wonder if it is a good idea sitting on a property that is not performing well when in the next 6-12 months or more there will be so many bargains to pick up.
Buying and holding can be a good idea, but there are times when it is best just to let a property go and start again. It could be a case of losing $10,000 on a property here, but gaining $30,000 on another purchase.
Answering questions of this nature are part and parcel of readjusting your property investment plan if you need to.
There may be properties that are not doing so well now but you are confident that will do in the future so they will be worth holding on to. Then again you could have properties that were not doing well before the financial downturn and they are not doing any better now. These are the ones I am referring to for consideration regarding selling.
Review your portfolio and assess whether you would be better off to sell now and buy again later.
Filed Under: Investment Strategies • Property Investment
About the Author: 
