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Updated over 6 years ago,
Does he pull out or let it grow?
He planted the seed 2 years ago...
Hi everyone.
So I picked up a 4-plex a couple of years ago, and thanks to a highway getting approved for development in that town the value has jumped roughly 50% in what was an otherwise stagnant market.
The property is cash flowing a bit, but nothing special considering some unexpected repairs last year.
So my question is: would you think about holding on to it and see where the market settles?
Can I refi and take some of the new equity out?
Sell and level up to something bigger?
Any guidance is greatly appreciated, thank you!