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Updated almost 10 years ago,
Advice on whether to sell or hold
Hello all, I'm new to BP and new to the real estate world.
I purchased my first property about 7 years ago and it's current estimated value is about $7k less than what I purchased it for.
For the last 2 years, I've been renting the property out for just enough to cover the mortgage. I am in the military and soon moving back to the same area and plan on moving in for 2 years.
My concern is that the property is just tying up my money and perhaps not worth holding onto. Should I look to sell it or hold onto with hopes that the value will increase or use it as a rental property down the road?
Any advice would be very much appreciated.
Thanks,
Brandon