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Updated about 8 years ago,

User Stats

85
Posts
48
Votes
Candace Ellison
  • Property Manager
  • Murfreesboro, TN
48
Votes |
85
Posts

Shoudl I sell 2 duplexes with nice equity to pay off debt.

Candace Ellison
  • Property Manager
  • Murfreesboro, TN
Posted

I have two duplexes that have some decent equity in them. Total combined would be about $70k. I started the Dave Ramsey program earlier this year and I am debating on selling them and paying off some personal debt car and credit cards etc. But something about that just doesn't sit well with me. Option #2 Sell both and use profits as a nice DP to scale up to a better quality property. Option #3 Keep both properties, pull equity out and leverage. These are class C/D properties. More so D. Cash flow is great on both properties  $800 one and $670 other. I have switched gears now and going for properties in better neighborhoods and better schools. Appreciation is more important to me now than cash flow.

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