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Updated about 8 years ago,
Texas duplex, should I continue renting or sale?
Hi BP audience,
My name is Jason and I purchased a duplex near Fort Hood following deployment in 2011 for $130k. Since purchasing the place I have replaced/updated so much that the house is virtually on cruise control at this point and each unit rents for $800; however I am living on one side since I just completed my doctoral degree. Currently living rent free in my place until licensed to see patients and I am stationed some place else.
I still owe $28k on the property and property taxes are at $2,300/yr (significantly higher than my property in SC.)
I would like to hear thoughts on whether this property is worth maintaining in my portfolio as a rental. I am 32 years old and am in between keeping the property as I move on to new investments or if I should consider a sale and advancements to larger REI's.