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Updated over 4 years ago on . Most recent reply

User Stats

130
Posts
16
Votes
Nick M.
  • Rental Property Investor
  • NY
16
Votes |
130
Posts

Would you keep or would you sell?

Nick M.
  • Rental Property Investor
  • NY
Posted

Hey All,

Hope this note finds you healthy.

I own a quad that I purchased few years ago. If were to sell it I would walk from closing with a $140K check, of which $75K is the return of my down payment - so netting $65K from the sale.

Question, currently netting $13,000 a year or 15% cash on cash (plus all the tax benefits), would you sell this property or keep it?

This is not in a desirable area, where I'd feel comfortable having my family walk during the evening.

Appreciate your opinion.

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