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WHY NOW MIGHT BE A GOOD TIME TO SELL YOUR INVESTMENT REAL ESTATE
While today’s rental property owners are facing challenges
Hand pressures they have never seen before, there are BY DWIGHT KAY
alternative investment strategies that should be considered.
istorically speaking, independent However, the steady march of new government real estate investors, who held for regulations, the impact of COVID-19, and some basic the long-term, walked a relatively real estate economics have helped some real estate straightforward (although bumpy and investors recognize that the real estate investments slow at times) path toward achieving they own have become less profitable and could asset appreciation and long-term even worsen to the point where investors could wealth. This path would often look actually be losing money each year.
Founder and CEO
Kay Properties and Investments, LLC
something like this: an investor would purchase a piece of property that would potentially generate enough cash flow to cover the expenses, including principal and interest on the mortgage, insurance, property taxes, and maintenance costs. Over time, the property would (hopefully) increase in value, income (rents) would rise, and certain tax advantages like the ability to deduct operating and depreciation expenses could be utilized to improve cash flow.
THE GROWING IMPACT OF RENT CONTROL BEFORE AND AFTER COVID-19
While this may sound like hyperbole to some, our firm is actively working with numerous apartment owners across the country, and we hear first-hand some of the challenges and pressures property owners are facing. Even national media are picking up on this trend. For example, a recent Wall Street Journal
DWIGHT KAY, FOUNDER AND CEO, KAY PROPERTIES AND INVESTMENTS, LLC
Dwight Kay is the Founder and CEO of Kay Properties and Investments LLC. Kay Properties is a national 1031 exchange investment firm. The www.kpi1031.com platform provides access to the marketplace of 1031 exchange properties, custom 1031 exchange properties only available to Kay clients, independent advice on sponsor companies, full due diligence and vetting on each 1031 exchange offering (typically 20-40 offerings) and a 1031 secondary market.
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