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Updated over 2 years ago,

User Stats

179
Posts
42
Votes
Chai Jonn
  • Rental Property Investor
  • Nashville, TN
42
Votes |
179
Posts

Sell or Hold SFH in Phoenix

Chai Jonn
  • Rental Property Investor
  • Nashville, TN
Posted

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

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