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Updated over 8 years ago,

User Stats

407
Posts
272
Votes
Becca Summers
  • Real Estate Agent
  • Highland, UT
272
Votes |
407
Posts

Which option would you choose.

Becca Summers
  • Real Estate Agent
  • Highland, UT
Posted

Would you sell a non preforming property and build a acessory apartment in current home?

Back story, the first property we bought was an accidental landlord situation. I'd never buy a property at full retail again. We've paid the loan down and have 19 years left. We could sell it now at the prime with the home being 10 years old and net $42,000. That isn't enough to do much with but a thought I keep having is building an acessory apartment in my basement of my current home with the profit. That should cash flow $600 a month.

I'm open to other ideas.

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