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Updated over 6 years ago on . Most recent reply

User Stats

3
Posts
1
Votes
Jason Piper
  • Rental Property Investor
  • Fort Worth, TX
1
Votes |
3
Posts

Should I sell or should I keep renting?

Jason Piper
  • Rental Property Investor
  • Fort Worth, TX
Posted

Hello, my current tenants are offering a decent price on my property and I'm considering selling to them by owner, using only a title company and lawyer. The property has rented for the past 5 years with no vacancy and I make $200/ mo after all expenditures. However, the property value has gone down 5% since I bought 10 years ago and is very stagnant, same with rent. It has not been updated since I bought, new, in 2009 and is in average shape.

If I sell, I'll make a 20% profit off the original investment (10 yrs).

Would you sell or would you keep? Thoughts?

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