When you’re investing in property a sensible investor always has a Plan B ready if their main plan or idea falters.
Property investing is risky to a certain extent, so to only rely on your main plan is somewhat foolish.
The most common thing I’ve seen over the years is a change of personal circumstances causing a rethink. You’d be amazed at how many people I’ve seen buy a property for long term gain, i.e. Retirement income, only to sell it to buy a flasher house to live in. So swapping a property that earns income for a bigger house to live in that makes no income and costs money to run. Real good idea – NOT.
Sometimes circumstances that arise are genuine and will require a rethink, and perhaps a portfolio reshuffle. Don’t leave it to when it happens, always have that Plan B in mind at the beginning.
Be prepared, as they say.