What's your exit strategy?

We're in the processes of exiting a few of our property investments, and it made me wonder - what's your exit strategy for YOUR properties?

Do you buy your properties KNOWING what their role is in your overall portfolio? Knowing (more or less) if/when you'll sell, and why?

Or do you just collect properties and hope you'll know what to do when the time comes?

 

I am retired sort off, but still dabble in developing properties in oz.
Buy and sell and hold.

I think its important to be holding quality assets.

Just keep reviewing and strategising, dependent on market conditions

Recently Have been diversifying in REITs and EFTs for cashflow/growth

I still have 10 properties in USA which are going up in value $1000 per week. Mother of all booms I think

No intension of selling yet. However, I would review this in 2023. I do intend getting out of US market eventually and just funnel money in oz investments, will find projects or shares… not sure

 

what about you

 

Strategy is to P&I current rentals until paid off.
This will provide a 6 figure income.

When I realised I'd achieved that outcome at 25, everything since has just been a plus.

Any other investment properties are just a bonus.
All the business I dable in is for ***** and giggles.

 

Well - turns out hubby and I can't stand dealing with tenants. So our strategy with one of our properties has changed from a B&H to we're looking to get rid of it - we're about to retire hubby, and just want to simplify and focus on our businesses. We've just sold one, which was always the plan as it was a development, and we're going to sell the others but are holding a bit longer b/c Perth is booming and it'd be dumb to sell the whole lot now.

Like you, we'll be looking to invest in ETF's and shares (no tenants! YAY!) and we've got 2 business which is enough to keep us busy right now esp. during transition with Jim stopping work. Next property investments will be developments in the future. Might chat to you about JV

 

Feel free to chat any time

 

Thank you!

 

Give them to the kids/grandchildren, if they are nice to me

 

Die (but not for a while yet, I hope)!

 

Hard to cover yourself with Bitcoin

 

Have u worked out when u will die?

@Terry_w had some advice for tax minimisation on death.

Seems like planning for death as exit strategy might be a very important step.

 

I think selling after growth kicks in and lvrs are low and investing in shares. Keep 2 propertiee

 

Been thinking about this for the past few weeks,and as i read everything that's posted by the good people within this site like Terry -Paul -Mick A - and a few others that know a lot more then i ever will..
That's the problem when one minute everything running like a ''AMG'' engine ,then you find out one has cancer and the weekends you have left in your life may not be as many as you thought..
So i checked our wills,went along and explained what may happen too our longterm Accountant and if i do pass away everything will just transfer from the properties x CBA and all the other items in my name too the ''BOSS'' Wife ..Then that will be my Wife of 35 years of my life ,then it will be her problem..

 

Sorry to hear that @wiilair. You have done a lot to stabilise your family with property. I remember a few years ago you were helping your daughter find a house too.

 

WattleIdo,Thanks as it's never as bad as it seems..One daughter has 2 now and still lives with us the others just one each,and with all the gas left in the tank as Brisbane may well run upwards for a few years they all have done quite well..At least even when i told our daughter with 2 properties now to buy CBA for $95-00 that went to $26-00 all those years ago --but i said never sell just ride it out..

 

Sorry to hear that

You never know how many weekends you have left - that's why we're retiring Hubby too. Life's too short to kill yourself at work. I'm just super grateful we have the option to do so.

 

Do you think it's important to define what that looks like, re LVR's are low, and growths kicking in? Or you'll just know?

 

Ugh that's me to a 'T'. Except the bit about knowing what to do when the time comes and the truth is I have NFI.

I'll summarise it like this - when I hit 60, I should have enough passive income with super included etc and money won't be a problem.

However, it's that grey area between now and then. For J-O-B liberation now, properties will need to be sold, no ifs or buts.

The good news is there's plenty of equity to tap into. The bad news is I'm a property hoarder, and the compulsion to hoard becomes more entrenched everytime they grow in value....and they have significantly in the last 6-8 months.

Question is whether we live on proceeds between now and 60 OR sell enough to live off dividend returns. Second option will involve more selling obviously.

Reason we haven't hit the GO button yet is because:

• the job doesn't suck that much - good working conditions including WFH fulltime. So it's hard to leave money on the table.
• part of me thinks waiting till the kids are in Uni is a good idea - on top of the numerous OS holidays we've had with them, I don't want to reinforce the perception that life is holidays and staying home doing things you like and nothing but.

 

Damn, hope you'll get through this with flying colours. No question money sits a few rungs down from health and family. One doesn't need to be sick to know that.