Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, your YFP Real Estate Investing Podcast hosts, discuss how to decide whether to keep or sell a rental property in a hot real estate market.

Key Points From This Episode

• The necessary discussions to have when ending a rehabilitation project.
• How a fluctuating market changes our decisions.
• Why you should be careful and methodical to maximize investment.
• The difficult choice between keeping the property as a rental and selling it for a gain.
• The three key points of making the decision: Do I buy it or do I sell it?
• Assessing near and long-term expenses to ascertain whether investing in that property makes sense. 
• Increasing predictability by making all necessary repairs at the beginning of ownership.
• How to assess a house: roof to basement.  
• The value of speaking to someone more experienced, for guidance. 
• How the overall housing market and specific neighborhood trajectories can be both similar and disconnected.
• The importance of knowing neighborhood-specific market trends. 
• How to change a property to fit the statistics that you are looking for.
• Staying on top of nuanced market trends. 
• Making wise investments in properties that are undervalued.
• What to do with the money after you sell.  
• When it is the right time to sell.
• Nate’s dilemma of whether to rent out a property or sell it.

Links Mentioned in Today’s Episode

• Lima One Capital: The Nation’s Premier Lender for Real Estate Investors
• YFP Real Estate Investing 50: Deep Dive Into Spreadsheet Analysis
• YFP Real Estate Investing 29: Investing with Purpose
• YFP Real Estate Concierge Service
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures