March 24, 2025 | 1.5 Minute Read
March turned out to be a solid month. While in Dallas for a conference, we sold one of our turnkey properties.
Now, I’ll be honest—I hesitated to sell this one. It was pulling in a 16% net cap rate, which is nothing to sneeze at. So why let go of a cash-flowing asset?
The Bigger Picture: Strategic Exits
Every property we own comes with multiple exit strategies. The goal isn’t to hold forever—it’s to maximize returns. Sometimes, that means selling and reinvesting elsewhere. And, of course, it doesn’t hurt to take home a well-earned paycheck along the way.
This particular property had been in our portfolio since 2018. Back in September 2024, we decided to sell it retail. The existing tenant, who was paying $1,100/month, moved out when their lease ended. We cleaned the place up, listed it, and got it under contract—twice. Both deals collapsed during underwriting.
Plan B? Rent it out again.
By December, we had a new Section 8 tenant paying $1,675/month—a nice bump in rent. Then, in March, we offered it to a hedge fund and they bought the property for $171,000, netting us $81,028.61.
But Wait, There’s More…
In addition to that payday, our short-term and mid-term rentals brought in $26,495.37 in gross revenue. After expenses, we pocketed $19,146.75.
The Final Tally? $100,175.36
Not too shabby for the month but there still is a week left so this number should increase a bit.
Two Key Takeaways
Always have multiple exit strategies—real estate is a game of pivots. If one door closes (literally), another should be ready to open. We cover all our exit strategies in the next article below.
Diversified income streams are a game-changer—our rental mix (long-term, short-term, mid-term, fix & flipping, and more) gives us flexibility and keeps the cash flowing.
And that my friends, is how you succeed as a real estate investor.