Asked by Kenlin Liu
Cashing in now or keep on renting?
I currently have a condo that is being tenanted until the end of September. In all likelihood, they will most probably be moving out.
Seeing that I have made gains of approximately 100% from the original purchase price, I am in a dilemma whether to look for another tenant or to cash in and sell it off.
Even though I don't need the money, I'm thinking about another downturn that seems to be imminent, so pondered about cashing in and wait for the next 'up cycle'.
Please note, that I do have other properties in my portfolio. 1 HDB rented out, and another condo that should TOP end 2013.
I currently have a condo that is being tenanted until the end of September. In all likelihood, they will most probably be moving out.
Seeing that I have made gains of approximately 100% from the original purchase price, I am in a dilemma whether to look for another tenant or to cash in and sell it off.
Even though I don't need the money, I'm thinking about another downturn that seems to be imminent, so pondered about cashing in and wait for the next 'up cycle'.
Please note, that I do have other properties in my portfolio. 1 HDB rented out, and another condo that should TOP end 2013.
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