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Updated over 6 years ago,
To sell now, or wait for apreciaciatiom to go up?
Hello guys,
I’m looking for some advice on whether to sell my house or not.
So, I have a single family house where I’m currently living. I still owe 171k on my mortgage. The house value is estimated at 266k currently. And is forecast to go up on appreciation By 7.7% By Next Year. I Been thinking about selling it and investing wherever money I get left after paying off my mortgage, on a multifamily, lIke a four unit. The area where the house is has been growing like crazy and they keep building more and more businesses around here. So, idk if I should just keep it for the appreciation and rent it out, or sell it. If I rent it out, I’ll cash flow about $100 per month after all expenses are paid. Any suggestions??