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Question Title: Exit strategy for condominium investment

Nice to meet you.
I hope you can give advice on the title.

At present, we own separate condominiums in Oimachi and Nakameguro, each of which has been built for more than 20 years. thinking about.

A few years ago, I purchased it with a down payment of about 300 million yen each, so I still have a loan left (monthly cash flow is about 2 yen after various deductions for two units).

Also, "If you normally let go, it must be up to how many years ..." "If you keep it, 〇〇 is a condition ..." Can you give such advice?


20 years old

Nice to meet you.
My name is Tokuda of Rich Road.
Thank you for coming to the bulletin board.

They own apartments in Oimachi and Nakameguro. You have it in a good place. In particular, Nakameguro is a place where prices drop less due to age. Even old apartments have high prices.
Also, if you have an initial investment of 600 million yen and you receive 48 yen a year, the yield is healthy at 8%.
When an apartment is about 20 years old, it will be close to the bottom price in the area, and it will gradually fall after that, so I don't think it is necessary to flutter so much.
Currently, it is 17 to 19 square meters in size, about 20 years old, and it can be sold for 800 to 900 million yen in Oimachi and 1,200 to 1,300 million yen in Nakameguro, so it has dropped significantly from the time of Shiba Inu's purchase Isn't it?
Exit strategy depends on age and location at time of purchase. If the building is new or new, the price will fall faster than the principal will decrease, so it is necessary to plan the timing of the sale, but in the case of Shiba Inu's apartment, it is good if you can have it for a long time think.
Speaking strongly, Nakameguro is likely to have a smaller price drop in the future, so if you sell it, is it from Oimachi?
I'm sorry that I couldn't give you a clear guide like "how many years you would normally build if you let go ..."

Answer staff: Rie Tokuda