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Updated almost 9 years ago on . Most recent reply

Kyle R.'s profile image
Kyle R.'s profile image
Kyle R.
  • Real Estate Investor
  • from Charlotte, North Carolina
  • Member since May 11, 2016
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User Stats

92
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103
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Kyle R.'s profile image
Kyle R.'s profile image
Kyle R.
  • Real Estate Investor
  • from Charlotte, North Carolina
  • Member since May 11, 2016
Connect
Kyle R.
  • Real Estate Investor
  • Charlotte, NC
103
Votes |
92
Posts
Buying & Selling Real Estate

Should I sell?

Kyle R.
  • Real Estate Investor
  • Charlotte, NC
Posted

I'm contemplating selling one of my rental properties. It currently cash flows $175 per month and I have had no trouble renting it. I purchased it in 2013 for $128K, owe $103K. Based on current comps, it should not be difficult to sell it for $160K. I plan on using the profits from the sale to purchase another rental property within the next year. Is it worth selling the unit to realize the appreciation gain?

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