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Updated over 7 years ago, 04/22/2017
Selling high....and buying 2 duplexes?
I currently have a SFR investment property with tenants that want to buy. It is in a market that is very sought after and held its own after the crash. I bought this property, my first, from a family member that has since passed on. I have an offer on the table that would allow me to sell and purchase 2/ 2 unit duplexes, one in Stockton and one in Sacramento. I'm not sure what to do as the current SFR that I have has grown exponentially in equitable terms in only 4 years. I'm afraid of Ietting this one go for fear of regret and not holding onto it's ability to gain equity down the road. It has been rented since the day I started renting it. Its been a super easy ride. And I like that. I have an amazing property manager. I cash flow $100 on the front end and a couple grand from my tax returns. Buying the duplexes would put me ahead $1000 a month- but would their value and equity grow as much as my current SFR. Any advice would be great. And is the exit strategy down the road anything that resembles selling a SFR? Ive heard that it is harder to sell a duplex vs. a SFR.
Thanks
Sean