Bruce has been quizzing me on the Monid: My Story thread and he has prompted me to post something I have been wondering about for awhile. It is pretty common for people to have buying rules in place that govern whether or not they are going to be interested in a property.
I am wondering whether people also have holding rules, in other words rules that govern when they will keep a property or will dispose of it.
I realise this is in part governed by a variety of factors about your present financial circumstances your plans and desires. But there may be some general rules that mean you ought to sell a property.
Here I am (purely speculatively) thinking something like sell when the interest on the amount of money from the sale will be more than you can make from the property once the mortgage is paid off.
Perhaps sell if the interest rates make a property cashflow negative? (Depending on your view of this)
But in general I am curious does anyone have any holding rules that they use to review their portfolio and if so what are these?
Cheers
David
I am wondering whether people also have holding rules, in other words rules that govern when they will keep a property or will dispose of it.
I realise this is in part governed by a variety of factors about your present financial circumstances your plans and desires. But there may be some general rules that mean you ought to sell a property.
Here I am (purely speculatively) thinking something like sell when the interest on the amount of money from the sale will be more than you can make from the property once the mortgage is paid off.
Perhaps sell if the interest rates make a property cashflow negative? (Depending on your view of this)
But in general I am curious does anyone have any holding rules that they use to review their portfolio and if so what are these?
Cheers
David
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