An investment property, particularly in Southern California, might seem like a can’t-lose prospect—something that’s wise to hang on to for decades to come. And, in many instances, investment properties will prove incredibly lucrative for a very long time—but as is the case with any other investment, it cannot be assumed the good fortune will last forever.
It might be that your investment property will bring you positive dividends for years to come, but you can’t assume that’s the case. Here, some questions to ask yourself to help determine whether it’s time to sell your investment property once and for all.
1. Is the depreciation tax deduction still available?
The depreciation tax deduction applies to any given property for a finite amount of…