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Updated about 5 years ago on . Most recent reply

Sam Shi's profile image
Sam Shi's profile image
Sam Shi
  • Rental Property Investor
  • from Germantown, MD
  • Member since Aug 15, 2019
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17
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1
Votes
Sam Shi's profile image
Sam Shi's profile image
Sam Shi
  • Rental Property Investor
  • from Germantown, MD
  • Member since Aug 15, 2019
Connect
Sam Shi
  • Rental Property Investor
  • Germantown, MD
1
Votes |
17
Posts
Buying & Selling Real Estate

House with big equity, Sell or to hold on?

Sam Shi
  • Rental Property Investor
  • Germantown, MD
Posted

The house has market value of $360,000 with less than $98,000 principle in a 15 year mortgage (3.25%, $1368 monthly payment). It's rented for $1800 a month. Should I sell (use the proceed to reinvest) or hold on (because I am no longer able to get such a good mortgage)?

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