If you own a rental property and are thinking of selling, don’t do it unless you absolutely have to. To build great wealth, aim to own your rental property for as long as possible.

As fate would have it, my great tenants of two years and two months gave me their 30-day notice while I was returning from a vacation in Honolulu, Hawaii. Initially, I was dismayed because they always paid on time and took good care of the property. I thought they’d stay until their daughter graduated from high school in five years, but no such luck.

After getting over my disappointment, I got excited because this was my opportunity to sell one of many properties we own in San Francisco. We want to eventually lighten our responsibilities and raise capital to buy a new place in Honolulu in 2030.

Unsure whether to sell or continue renting out the

Keep reading this article on Financial Samurai.

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