You are making the right decision of letting it go. Not only because you are up on it but you ran it through the mental equation which is so often overlooked when making a decision as such. The mental aspect of not having to deal with the property probably returns way more than the monetary gain from the sale. Also, you are no mug with your money so I'm sure you will move the funds from the sale to something else that requires less mental energy and probably gives even better returns in the long run.
Great perspective and insight, thank you for sharing. Personally if it were me I would sell, take the tax hit and invest the proceeds in the stock market (I’d go a combination of the “magnificent seven” and an S&P 500 index fund). No stress, watch your money grow
Hey derek hope u make out on the 1031, hypothetically if you could break even if it were a long term rental would you hold it? Thats the situation im in Semper paratus!
Watching your video is very nice But as a TH-camr, I am a little bit disheartened after watching your.No good views here Also there is a problem with your main keyword. NO rank Tag used in your channel and no rank channel tag used.Your SEO score is 36/100. It is so bellowed for ranking video. However, you are giving effort. And hard work always pays off.To get that you need to work a bit more moderately. If you agree I can share with you some opinions based on your TH-cam experience.I don’t want to bother you and interfere with your work.Feel free to let me know if you are interested.I will be here for you. Thanks
If you are at least close to break-even after paying mortgage, HOA, and professional AIRBNB host then the smart thing to do is to hold. Being a real estate professional/entrepreneur, the tax hacks/advantages are enormous. You also mentioned that this location outperforms the Hawaii market. As a real estate investor, the main thing is looking at it as a long term play. Imagine yourself 10-15 years from now with its possible appreciation by then. Would you say, "I'm glad I let that go in 2024" or would you say, "Gosh, I should've kept that place, I would've own it free and clear by now." Personally, looking back at a couple of the properties I owned and sold, I now wish I would've kept them all. Those would've been paid off and 100% cash flow with its equities I can leverage from. Just food for thought.
Thank you for sharing this update. It’s nice to see how you roll with the punches
The positive is you have options. It will be a win win with what ever option you choose.
You are making the right decision of letting it go. Not only because you are up on it but you ran it through the mental equation which is so often overlooked when making a decision as such. The mental aspect of not having to deal with the property probably returns way more than the monetary gain from the sale. Also, you are no mug with your money so I'm sure you will move the funds from the sale to something else that requires less mental energy and probably gives even better returns in the long run.
I appreciate your 360-degree perspective. Food for thought.
Appreciate the transparency Derk. Definitely good information to have, thanks so much for sharing!
Great perspective and insight, thank you for sharing. Personally if it were me I would sell, take the tax hit and invest the proceeds in the stock market (I’d go a combination of the “magnificent seven” and an S&P 500 index fund). No stress, watch your money grow
Thanks for sharing Brother! 😊
My pleasure
Hey derek hope u make out on the 1031, hypothetically if you could break even if it were a long term rental would you hold it? Thats the situation im in
Semper paratus!
Not a simple answer but generally yes I would
Nice video Derek. Keep it up.
What's the monthly HOA for this townhome?
Watching your video is very nice But as a TH-camr, I am a little bit disheartened after watching your.No good views here Also there is a problem with your main keyword. NO rank Tag used in your channel and no rank channel tag used.Your SEO score is 36/100. It is so bellowed for ranking video. However, you are giving effort. And hard work always pays off.To get that you need to work a bit more moderately. If you agree I can share with you some opinions based on your TH-cam experience.I don’t want to bother you and interfere with your work.Feel free to let me know if you are interested.I will be here for you.
Thanks
We are in Ko’olina this week. May we see the unit?
Pls register on our site and let Charlotte know
@@movingtohawaii done! Thanks!
you win monopoly by buying properties.. DO
If you are at least close to break-even after paying mortgage, HOA, and professional AIRBNB host then the smart thing to do is to hold. Being a real estate professional/entrepreneur, the tax hacks/advantages are enormous. You also mentioned that this location outperforms the Hawaii market. As a real estate investor, the main thing is looking at it as a long term play. Imagine yourself 10-15 years from now with its possible appreciation by then. Would you say, "I'm glad I let that go in 2024" or would you say, "Gosh, I should've kept that place, I would've own it free and clear by now." Personally, looking back at a couple of the properties I owned and sold, I now wish I would've kept them all. Those would've been paid off and 100% cash flow with its equities I can leverage from. Just food for thought.
most are real estate full and cash flow broke so the cash flow issue causes stress.... nice to have both but most dont.