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Updated over 7 years ago,
Should I sell or keep my 2 condos
Hi all,
First time poster but long time reader on the site.
I have a question regarding the two condo properties that I have. Located in Sherman Oaks, CA
1) Condo - Owe ~$260k worth around $500k. Have a tenant. HOA fees are high here. About $450 per month.
2) Condo - Owe nothing. I purchased with cash. My mom currently lives there. Worth about $300k
With interest rates going up and talk about the bubble bursting, I am just wondering if I should hold on to the properties or sell them while they are at their highest value before things start to go down (speculation of course).
If you are wondering about my mom, she is getting older so she will be moving in with my sister or into a senior living community.
Thanks!