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Updated over 9 years ago on . Most recent reply

User Stats

13
Posts
3
Votes
Chris Haydis
  • Investor
  • Ocean Springs, MS
3
Votes |
13
Posts

To sell or not to sell

Chris Haydis
  • Investor
  • Ocean Springs, MS
Posted

I currently have one investment property that I bought 2 years ago, with the intention of buying and holding for a long period of time. It has been rented to the same renter for the duration, who is Section 8, and I haven't had any issues with the tenant. We just re-signed the lease the 1st of November, but now she just called me and wanted to know if I wanted to sell because she is going back to work soon so won't qualify next year.

I bought the brought below market value, PP $69,000 and appraised at 90,000. I told her I wanted to keep the property for a long time, so I wasn't going to sell below market, she said okay. If she can and will buy, should I deviate from my plan for a nice short term profit, or just stick to the plan of buying and holding.

Thanks in advance for all your valuable advice!

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