Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

43
Posts
4
Votes
Joel Kadlec
  • Tulsa, OK
4
Votes |
43
Posts

Sell or Hold?

Joel Kadlec
  • Tulsa, OK
Posted

Hey guys,

I just recently discovered biggerpocktes and I am very excited to start investing in real estate. I think I will want to be a buy and hold guy with an interest in multifamily properties. I bought my first property in 2011 at age 21 and got a great deal. I am now having to re-locate with my company and I was hoping to get some insight or advice if I should sell my house or rent it out. I am nervous about not being in the area for my first rental and was wondering if it would be better to sell and use the profits to re-invest. I am a newbie at all this and I am just now starting to educate myself on the real estate world so I would greatly appreciate any advice. Please bear with me if I am not including enough info. Thanks to all in advance! 

This house is located in Douglas County about 20 miles south of Denver and housing prices are sky rocketing here with very low inventory.

Hold Option:

Could rent for about $1,750/mo.

Mrtg- $1,065 ( I think the tax is included in it) (pmi of $149 in this too)

HOA- $103.70

Property Mngmt- $140

Total expenses- $1,308.70

Cash Flow- $441.3

Sell Option:

Loan amount: $143,080.43

Potential sale price: $240,000

Expense to close I estimate 5%?: $12,000

Profit to re-invest: $84,919.57

Loading replies...