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Updated over 5 years ago on . Most recent reply

Brenda R Sullivan's profile image
Brenda R Sullivan's profile image
Brenda R Sullivan
  • Investor
  • from Glendale, Arizona
  • Member since Mar 26, 2017
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Brenda R Sullivan's profile image
Brenda R Sullivan's profile image
Brenda R Sullivan
  • Investor
  • from Glendale, Arizona
  • Member since Mar 26, 2017
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Brenda R Sullivan
  • Investor
  • Glendale, AZ
0
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6
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Buying & Selling Real Estate

Fix and rent or just sell

Brenda R Sullivan
  • Investor
  • Glendale, AZ
Posted

I have a rental property that I've had since 2002. It has been a great rental, however, now the property needs to be modernized. It would cost me about $10G to do that.  Should I sell it and use the proceeds to buy another property, or should I pay the 10G and jack up the rent.  The rent currently is under market.

Thank you.

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