My renters paid for the majority of the cost of each property. I was well paid in my career and didn't want to show income while working. I reinvested most of the money each time I sold a property. No regrets on how my plan played out.
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Parallels my strategy as well. Most on 15 year mortgages and little cash flow while working, but tax savings.

I'm still holding, but thinking about unloading and lessening my involvement.

Did you use an agent to sell? And, what type of investment did you move your proceeds into?

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Posted by KWL85

Member since Mar 2023

3237 posts

Posted on 10/7/25 at 7:28 pm to ItzMe1972

quote:
My renters paid for the majority of the cost of each property. I was well paid in my career and didn't want to show income while working. I reinvested most of the money each time I sold a property. No regrets on how my plan played out.
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Parallels my strategy as well. Most on 15 year mortgages and little cash flow while working, but tax savings.

I'm still holding, but thinking about unloading and lessening my involvement.

Did you use an agent to sell? And, what type of investment did you move your proceeds into?

We did not use an agent. We sold in a sellers market and each one sold easily. Would suggest using a realtor if in a slow market for their advertising.

We used some of the profit to buy a lake house with cash. The rest is helping fund real estate purchases. We are in a growing area, and real estate is lucrative here. No rentals though;they served their purpose but done with those.

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Posted by baldona

Florida

Member since Feb 2016

23450 posts

Posted on 10/7/25 at 8:07 pm to KWL85

quote:
Nah. I had 8 or 10 rentals for 20 years+. I focused on keeping good renters. Had a couple 10+ year renters that took good care of my property. Had a few other in the 4-5 year range. Was content not getting every dollar possible.

Good for you and I’ve been there, but respectfully that’s dumb.

Again, you really aren’t thinking of the whole picture. No one gives a shite about a $20/ month rent increase. That’s 2% on $1000. They aren’t moving for $20/ month.

But in 5 years that’s a 10% increase and your $1000 is now $1100/ month.

Maybe you have been out of the game awhile? Rents have almost doubled and some have doubled in the past 5 years. I had tenants that were at $1250 that are now paying $1600 and if they move out I could be getting $2200-2500. To continuously. charge them $1250 would be ridiculously dumb.

ETA: is your mortgage going down? Taxes? Insurance? Hell no

Eta2: again, put it in the lease. A small increase. That way they know you won’t jerk them around year 2 or 3 also. It works both ways

This post was edited on 10/7/25 at 8:09 pm

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