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Updated almost 6 years ago,

User Stats

9
Posts
2
Votes
Martin Min
2
Votes |
9
Posts

Should I sell or continue to rent out?

Martin Min
Posted

Hello, BP community, I am currently renting out two properties in San Jose, as follows:

1: Town house, 450K purchase in 2016, currently sale price: $600K.

     Expenses: 

        property tax: $6891.68

        interest: $16009.17; 

        Insurance: $695

        Repair: $400

     Rents: $2500 * 12 = $30K

The rent just covers the expenses, with a $6000 positive cash flow

2. SFH, 650K purchase price in 2017, and current sale price: $870K

Expenses:

property tax: $9226.2

interest: $19022.42;

Insurance: $617

Repair: $300

Rents: $3400 * 12 = $40800

The cash flow of this is nearly $10K.

I am thinking about whether I should sell them for a profit. Or it makes more sense to continue renting.

I am almost a newbie and any thoughts or suggestions would be highly appreciated! 

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