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Updated over 4 years ago,
Food for thought: cash in on my rental for a similar rehab
I owe about $80k on my double, and it’s worth roughly $150k, maybe more. I’m considering selling the double for a rehab duplex or tri. After agent fees, I think I would have about $50k to put down on a fixer-upper plus whatever I have saved up for the rehab. The goal is a sizable down payment lowering mortgage and increasing monthly cash flow. What do you guys think?