Sorry, I have been so dang busy since the China Virus arrived on our shores.
Well, I intended to sell some of my rental properties starting in January 2020 as I felt the market was in a bubble - and some of the properties did not fit my business model. I bought a higher end 4 plex in January also. So needed to lighten up on RE. Too many eggs in the RE basket.
I planned to leisurely sell off 8 properties. Well, the virus hit so I scrambled and sold off 6 in less than 2 months. It was an intense 2 months. I also moved my residence during the time - including a light remodel of the new place.
I have two more that I am selling now. These will be sold but not close until Jan 1st. I have had way too much capital gains this year so I am approaching the 20% rate. And next year I "plan" on not having much income - so CG should be low.
I also started selling the properties myself. The realtors just took too much money and I am as good or better than they are. I always say to myself that I am going to take the RE exam and get a license but never do : )
I had good luck selling to other investors. We speak the same language. I did have to filter through the "No Money down to Millionaire Real Estate Investor Course Online" crowd. Well, I had to give them points for persistency and effort. These guys had hoped to lock up my property and then sell it off to someone for a profit. Well, I am not a distressed owner. In fact, far from it. But they didn't get it. I thought of charging $10 for each person to see the property : ) One of the properties got on a list that is sold to these "investors." Property was sold months ago but I still get calls.
I do predict properties prices in some areas will actually go up in the near term as The Treasury is printing money like mad. A friend got a 15 year fixed at 2% with no points and low closing costs. Money is cheap!
But long term I can't see things holding up so well.