When you buy a property, in effect, you have purchased an asset that is constantly appreciating in value over time. And if you apply the simple rules laid out in this book then the purchase will generally be with someone else’s money and with maintenance costs covered by tenants. By purchasing in the correct locations you will have acquired an asset where the demand consistently outstrips the supply.
If you need to access the funds tied up in a property then try remortgaging instead of selling. The advantage of remortgaging is that you will avoid paying Capital Gains Tax and you also avoid paying fees involved with selling a property. The biggest advantage of all is that you are able to remortgage again when the equity builds in the future and enjoy the positive cash flow in the time leading to the remortgage.
All this leads to the fact that you should avoid selling your properties.
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