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Updated almost 8 years ago,
Next Step - Where do I go from here???
Hello Bigger Pockets community,
I purchased my first property in November of 2015. It is a duplex in the city of Pomona, CA. I am very lucky in that I bought it below market value, did some light fixing up and it has appreciated about 100K in 16 months. I currently rent out each unit which covers my mortgage and then some. I really want to get into fix and flips and I am considering selling the house so that I have start up capital. Here is the breakdown of my property below.
Mortgage - 2250.00 a month 4% interest.
Rent paid by tenants - 2650.00
Water, Trash, Gardner 200.00
Passive Income 200.00
I would like to know if I should sell the property so that I actually have investment capital for a flip or hold on to the property .
Thank You,
Eli