We all have regrets in life. Some of us have real estate investment regrets. If you’re stuck with a rental property that’s weighing you down, you may find yourself wondering if you should just cut your losses and move on. Maybe you want to stick it out and hope for things to get better down the line. There are several options to weigh if you’ve found yourself at a crossroads with a property you own.
At the same time, understanding the big picture is just as important and learning that fluctuations in the way a property performs and the way a property fits into your portfolio are important too. A down year is not always a reason to let a property go. It takes careful and thoughtful evaluation before deciding to let got of a long-term investment property.