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Updated almost 5 years ago,
Should I sell or keep.
Hello, I'm looking to get opinions on what I could do. I bought this Florida duplex in 2016 for $220,000 current it cash flows a gross monthly amount of $1100 the market value is around $340,000 and I owe $203,000 on it plus I wouldn't pay commissions on the seller side because I'm a realtor. This means I can sell it and get net around $120,000. I need that cash flow money it helps a lot but I can live with out it. So I was thinking to see if maybe I could try flipping properties buy buying them in auctions or getting deals from distress owners. Because it is $120,000 I'm thinking seriously on trying do some type of investments to make better use of that money.