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Updated almost 3 years ago on . Most recent reply

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38
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Eric D.
  • Maplewood, NJ
8
Votes |
38
Posts

Rental property or stock market?

Eric D.
  • Maplewood, NJ
Posted

I own two multi-families free-and-clear in a hot area of New Jersey. I am thinking of selling one in order to have less headaches and take the money to buy high dividend stocks. Thoughts? 

Each multi-family clears A net profit of $30k.

I figure I can get $625k to $650k for the house.

After realtor fees, taxes, etc. think it’s worth it to sell and plunk the money down on some high dividend stocks (ie Exxon 5.7% and REITS)? Or should I stay put? 

Most Popular Reply

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2,202
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2,678
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John Morgan
  • Rental Property Investor
  • Grand Prairie, TX
2,678
Votes |
2,202
Posts
John Morgan
  • Rental Property Investor
  • Grand Prairie, TX
Replied

Stay put. Inflation will be the game changer for you. Ride it out. The stock market is peaking and seems to be stalling out. RE still has some legs.

  • John Morgan
  • Loading replies...