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Updated almost 6 years ago,

User Stats

68
Posts
56
Votes
Wayne Bodley
  • Crystal River, FL
56
Votes |
68
Posts

Another sell or keep renting scenario

Wayne Bodley
  • Crystal River, FL
Posted

Hi BPers, here is my situation hopefully you can give me some guidance. I own a 3/1 sfr that I bought in 2015 for 112k (owe 100k) and lived in for two years then rented out for the last year. The tenant is moving out so I thought it might be a good time to test the waters for selling. I listed it fsbo at 194,900 and got 2 offers for 190k with me paying closing costs around 4k ( and also buyers agent for 3% about $5700) so each deal would get about 80k profit. The house is in a nice B neighborhood and clears about $680 a month as a rental and is in pretty good shape for a 1948, I just redid the roof and we made some improvements when we bought it. I will still own the two houses adjacent and now I live out of state (about 8 hours drive)

Hopefully that's enough info to get some BP counseling, I'm at a crossroads.

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