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Updated over 2 years ago,
Sell or Hold SFH in Phoenix
Hello All,
I am not able to decide between 2 good problems! To sell or keep it for cash flow?
Below are the stats
Purchase Price $215k
Cosmetic Repairs $10k
Downpayment and closing costs $56k
Monthly cash flow $750
The house is worth about $400k to $425k if listed on market.
Have one cash offer for $390k ( title, closing costs paid by buyer).
Should I keep it or sell it? I am not sure what do wi the sale proceeds! Don't have anything else lined up. Other than some syndication deals in multi families which I don't have control on the operating part.
Any thoughts?
Thanks
Chai