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Updated over 4 years ago,
Would you keep or would you sell?
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.