No. of Recommendations: 3
InParadise, when you consider a property do you also think a step ahead to the resale?
Always. I also do a 10 year profit projection spreadsheet for use of the property as a long term rental and a short term or mid term rental. (30 day + furnished.) I like to have options, because I have found that life happens in ways one can't always predict. I like to have plans for several steps ahead, realizing those plans are not set in stone.
I recently went to my 13th personal closing on the sale of our latest primary residence, which was not suitable as a rental. When you realize those 7 properties do not include places we rented rather than bought, or housing that was part of work compensation, you will realize we have moved...a lot. I like to have contingency plans for assets. Life really.
IP
