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Updated about 2 years ago,
Should I sell my investment property or keep collecting cash flow
Hello, 1 year ago I bought a property in Paterson, NJ for 187,500 ( I got a deal). I strongly believe I can sell the house for 250,000. I am currently collecting 1,250 monthly rent from 2 units each which leaves me with about $800 monthly profit. I have been consistently collecting this income for past year.
So to summarize - should I make about 9,000 annual income from the property vs selling the property for about 50,000 net profit (after fees and costs to sell)
Please advise what math I should apply to determine which makes more sense for me to do.
Regards,
Fred Huss