Why We’ve Sold In Indianapolis:2:50: We bought a vinyl village era property a year and half a go that never was an issue renting out, but we felt that it would be good to elevate our cash position given the time of  uncertainty.4:56: Our net profit was $42,000-45,000 which can cover a lot of residents who decide to stop paying rent.6:12: This is a great example of solid preplanning. I’ve been a motivated seller before and that’s a bad place to be.9:00: If you’re plan is to manage a large portfolio, your time counts for something. You can only manage so much and your growth is going to be limited if you hold on to it.Why We’ve Sold in Springfield, OR:11:19: We got a bit better than vinyl village property under contract last week. Bottom line, it’s hard to cashflow in the west coast. We think this is a good flip candidate at a purchase price of $200,000 and reno budget of $20,000. 13:45: The good news for the Eugene area is that the university of oregon is planning to reopen for the fall semester, though is expecting about 15% less students.The 38-Unit Development Property in Portland:17:00: We bought a piece of land 2 years ago and planned a 38-unit development. But we’ve done everything wrong on this project. It’s hard to figure out how to manage a property when the city requires a certain number of units dedicated to affordable housing.19:57: We didn’t do our due diligence on this one as we might end up with millions of our own locked into this deal. But we’re pivoting this project to be affordable housing and if it still doesn’t work out, we’ll sell it.21:49: sometimes you sell a property to pull in liquidity. Sometimes you may have to sell one to stop the bleeding.23:50: Buy and hold is multi-faceted with segments of business dedicated to acquisitions, overseeing rehab, property management, and then lending. It takes a very rare and special person to be good at all those areas, most aren’t and it takes years to master.$2k Profit Flip in Kansas City:29:00: Making smaller mistakes is always better, and even the larger mistakes we’ve still been able to keep.30:22: We blew through the reno budget because of dry rot issues. We had originally planned to BRRRR this property, but we just had too much cash in the project at that point to make it a good buy and hold. So we listed it.32:24: We didn't have to sell that property, but we were kind of trying to hold ourselves to a different standard.33:32: When you get a bigger portfolio, keeping your cash reserves strong and your liquidity strong so you can stomach a rainy day and jump at opportunities. BRRRR is all about an accumulation of decisions for your business.Connect with the Good Stewards:Visit Our Website and SubscribeEmail | [email protected] | @TheGoodStewardsInstagram | @GoodStewardsPodcastFacebook | @GoodStewardsPodcast