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Updated over 2 years ago, 03/25/2022
Rental property or stock market?
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?