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Updated over 2 years ago, 03/25/2022

User Stats

38
Posts
8
Votes
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? 

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