Just saw today where IBM is paying 1.5billion in CASH to another company to TAKE part of its business. There is more to the story, but, It really made me think about RE investing. I unloaded a few dogs earlier this year. I made money (not much) but it was the best decision I made thus far in investing. They came with problems that I just am not suited to deal with. I got ALOT o freedom and mental horsepower back after I sold them. SO- what decisions are you putting off? IBM waited to long to sell a part of their business and now they are paying to get rid of it!! Sometimes to move forward you have to take what may feel like a small step back. A very smart biz man told me once- if you are wondering if you should fire someone.....then you probably should have already done it. Take a hard look at your biz. What's holding you back? Might be time to "fire" some renter that are taking away your freedom!! Maybe it's time to try a new idea that you know will work but you are too nervous to try! Times are a changing. If I don't make changes I will be "the old irrelevant guy". Thanks for letting me rant!!

UGH!!

You're right, there is more to the story. Look, IBM paid someone to take this particular business, but if they had just shut it down, they would've lost more money bc they'd have to breach a bunch of contracts they had in place as well as having to find a new parts supplier for their own products. Manufacturing is often like this--very few end-products makers are well-positioned to manufacture all the components they need. It's better to bid the work out to specialists. Automobiles are a great example, airplanes are another.

What is true is... as soon as you see something isn't working on demands a disproportionate amount of your time, it's probably time to consider exiting that business. I don't really understand the people who hold onto rentals in markets where it takes weeks or months to find even a marginally qualified tenant. There is clearly a supply/demand problem in such a market if this happens to you with any frequency. There's nothing you can do about this. If you sell, even if you only break even or take a loss... you still win because you are freeing up your TIME and CAPITAL ($$) to do more productive things like paying off other properties, putting money into another investment, investing more time/money into your career, etc. etc.