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What would be my best strategy? Florida
Hi all.
I'm wondering what I should do. I'm in Florida
I own two properties , no mortgages. From zillow:
Property #1 is worth about 375k , rents for $2200
property #2 is worth about 387k , rents for $2400
I also have some cash (70k ) .
Both properties are currently rented.
It's hard to say net profit, with all deductions from 2019 renovation, but I feel they are profitable.
Should I keep renting them, or sell in this current great sellers market ?
Then I will have no income as the rent is my income.
If I had other income I would have sold already I'm sure, but also off course then buying again is going to be more expensive now , unless I could wait till the markets are down again.
I'm not sure what to do . I want to invest the $70k , but that's not enough to buy much atm.
Unless I'd buy outside of my county, but it's hard to hear back from any realtor, I have tried that.
Then again , someone here may know a great little property for sale in FL for around that price
Thanks