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Selling - Reno or Not ?
Long story short, I am getting out of my 15 unit single family residential portfolio in South Florida.
Current plan is to sell one unit a year and put the net profits into fixed income.
The assets are in the 400k range with older renovations but are somewhat presentable.
With the current cost of renovating - what is the consensus ?
Slap some paint and clean them up sell at slightly below market - or new kitchen, bath and flooring which will cost around 50k each and swing for the fences?
Thanks guys !!