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Updated over 1 year ago on . Most recent reply

Account Closed
0
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9
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Sell or Hold Investment Property in Virginia?

Account Closed
Posted

I’m active duty and purchased a home(4 bed 4 bath) in Lynchburg, Va that I have rented out after I PCSd. Here are the details:


Mortgage is $2500 with principal and interest

Rate is 2.99(conventional)

Rented at $3200 for a year, rent comps range up to $3800.

Equity about $180k

Has sat on market for 60 days.

Was approached by a wholesaler to explore trying to get an investor for a subject to sale. 

Not sure if I should hold out on market, go with whole sale, or just rent it back out. 





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