If you have a cash flow, yielding you profits, there should never be a time when you “have” to sell a place. That means you can sell if, when and how you like.
I have this house that I tried to sell a few years back when I was investing in bigger commercial building. I wanted to free some cash to help pay for the new place. But.. It wasn’t a great time to sell and the bids weren’t as good as I wanted them to be. As I didn’t get the money I wanted I decided to keep the house, rent it and use the profits from rent to help pay for a bigger loan on the new property I bought. Imagine not having the cash flow, been forced to sell even at a rubbish price because there was no option?
Now, two and a half years later I’m doing the same thing again. I have a new big commercial building on the way in, so decided to put the small house above on the market again to see if I could free some cash to use in the new project. If I get a good offer, great! If no, I’ll rent it to someone on my massive list of tenants looking for housing and use the profits from rent to pay for a bigger loan on the new property.
Cash flow is king :)