Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago, 06/04/2019
Advice on Whether to Take Profits
I bought two units in downtown Colorado Springs in 2001 for $183,000. Units are free and clear and together generate $2,800/mo gross. Realtor approached me to list for $499,000. Net profits on sale after capital gains and real estate commission is about $360,000 to $390,000. I'd appreciate comments on whether to continue taking cash flow vs. selling and taking profits.