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Updated almost 11 years ago,
Take Cash & Run
So, I purchase a property back in 2012 for $80K cash in Vegas, put $10K into it and rented for $1100 a month.
My yearly cashflow is $9K, sorry 50% rule.
I would be making $60K minus capital gains taxes & selling fees.
It would take me 6.5 years to make that up if I kept the rental, and of course the time being a landlord.
The property is worth $150K all day "today", based on sold comps.
- Should I take the cash & run or keep it as a long term cash cow?
- Goal is to have 10 free & clear properties to cash flow long term in about 10 years. Currently have 3.
- Thoughts? Market is definitive slowing down.