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Updated about 1 year ago,
Sell or Hold Investment Property in Virginia?
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.