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Updated almost 7 years ago on . Most recent reply

Nick Dillaha's profile image
Nick Dillaha's profile image
Nick Dillaha
  • Real Estate Investor
  • from Fort Myers, Florida
  • Member since Oct 4, 2014
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50
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4
Votes
Nick Dillaha's profile image
Nick Dillaha's profile image
Nick Dillaha
  • Real Estate Investor
  • from Fort Myers, Florida
  • Member since Oct 4, 2014
Connect
Nick Dillaha
  • Real Estate Investor
  • Fort Myers, FL
4
Votes |
50
Posts
Buying & Selling Real Estate

Should I sell?? Not sure what to do next!

Nick Dillaha
  • Real Estate Investor
  • Fort Myers, FL
Posted

Hello, BP! I currently own a townhome that I purchased for $123k in 2014. Current payoff is around $105k, with a 3.25% loan. The townhomes in my community sell for around $170-185k depending on condition. Current rent is $1500, netting me $370/month in income. Should I take advantage of the equity and sell to buy a small multi-family?? Should I keep it?? 

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