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Updated almost 3 years ago on . Most recent reply

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41
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Reya Ripet
28
Votes |
41
Posts

What would be my best strategy? Florida

Reya Ripet
Posted

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

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