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Updated almost 7 years ago, 01/03/2018
keep one house or buy three?
Looking for opinions/advice from all you professionals. We have a house with about 230 equity in it (owe 350). We will probably need to move soon. Would you:
A) Keep the house as a rental, I estimate 600 monthly cash flow
B) Sell and use the money for three smaller rentals?
We would most likely buy rentals in the same area. One house would be easier to manage and find tenants for, but less expensive properties would be quicker to pay off. Are there tax benefits to either situation? Thanks!