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Updated almost 6 years ago on . Most recent reply

User Stats

74
Posts
80
Votes
Joe A.
  • Rental Property Investor
  • Central TX
80
Votes |
74
Posts

Stay in over-saturated market or cash out?

Joe A.
  • Rental Property Investor
  • Central TX
Posted

I have a 3/2 SFR (mortgage free) in a college town (90 minutes away from where I live) that is over-saturated with rentals. In the last few years, large apartment complexes have been sprouting up left and right. Rents have dropped by about 10% recently. In the same time period, the house has appreciated in value by close to 20%. The house no longer meets the 1% rule.

So, should I keep it, or sell it and buy closer to where I live in a better market for rentals?

  • Joe A.
  • Loading replies...