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Updated over 5 years ago on . Most recent reply

Andrew Gorgey's profile image
Andrew Gorgey's profile image
Andrew Gorgey
  • Real Estate Investor
  • from Glenwood Springs, CO
  • Member since Jan 4, 2017
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1
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Andrew Gorgey's profile image
Andrew Gorgey's profile image
Andrew Gorgey
  • Real Estate Investor
  • from Glenwood Springs, CO
  • Member since Jan 4, 2017
Connect
Andrew Gorgey
  • Real Estate Investor
  • Glenwood Springs, CO
1
Votes |
3
Posts
Buying & Selling Real Estate

Advice on Whether to Take Profits

Andrew Gorgey
  • Real Estate Investor
  • Glenwood Springs, CO
Posted

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.

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