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Updated almost 7 years ago,
Thinking of Selling Paid-Off Rental near U of M
We have a rental property valued at around $110K that is paid for being rented an 1K each month.
It's been in the family for decades so there is some emotional attachment (especially for the 94 year old grandmaw if she knew we were to sell it!).
I was thinking if we were to sell the property and pocket around 90K then we could use leverage/have money for Down payments and buy a couple properties, start off slow, and build from there. Any thoughts /advice/help would be greatly appreciated!