Thu 6 Jul, 2017 01:30 pm
I need to figure out whether to sell a parcel of land or continue to rent it out.
Is there a formula where I can input the 1) the present annual rental income on the land and 2) the number of dollars that the land could be sold for.
The formula would solve whether 1) or 2) has greater economic value.
@gollum,
This is solely a question of do you want all the money in one shot or do you want a long term steady stream of income (with the hassles that come with rental property). Rentals are a great revenue stream if you don't mind dealing with them. You'd be hard pressed to find another investment vehical with the income potential plus equity (not to mention tax savings).
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