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Updated over 3 years ago,

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3
Posts
0
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Gavin Mckinley
  • Halifax, NS
0
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3
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Should I sell or rent out this property

Gavin Mckinley
  • Halifax, NS
Posted

Hello,

About 8 months ago I purchased my first property that I am currently living in. I would like to start accumulating rentals, trying to cut down expenses I have decided to either rent or sell my current place.

Renting

Positive cash flow of $150/month

Only have $10,000 into this property giving a 40% Roi with the loan pay down

Selling

Bought this property at 82,000 with current market prices I could get 100,000- 120,000.

Should I sell for the profit and roll it into another property?

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