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Updated over 7 years ago,

User Stats

107
Posts
47
Votes
Derek Okahashi
  • Realtor
  • Mililani, HI
47
Votes |
107
Posts

Should she sell for 300% appreciation or hold for $200 cashflow?

Derek Okahashi
  • Realtor
  • Mililani, HI
Posted

My other coworker has a property that is vacant and they are rehabbing it for a new tenant. Her and her fiancé aren't sure whether they should sell. What do you guys think? Here are the details:

- purchased in 2009 on  foreclosure for 118k

- currently worth about x3 that at about $350k

- just got rid of a bad renter; 5k in rehab with all their labor and time

- ^^ 15k rehab if they weren't doing it themselves

- cash flows about $200/mo with them managing the property themselves

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