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Updated over 1 year ago,
What would you do? Sell or Keep
I just bought my second home a few months ago, I sold my first home last year and took home about 60k profit. The house i just bought, I am renovating. I had planned on staying in this one for a little while but I have quickly decided I don't really like the neighborhood. I paid 172k for this and I could sell it for about 210-215 after rehab. I have about 45k liquid funds and no other debts than the mortgage on this. Should I sell it and get another project in a nicer area? Or should I just stick this out and live here for a little while and wait/hope for more appreciation. I was going to air bnb it but according to Air Dna the houses don't pull alot of cash around here due to it not being that close to the city.
I am a realtor so my income varies, this is probably why I am debating on selling because business is not booming right that. Should I sell it or wait?