Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

61
Posts
29
Votes
Michael C.
  • Investor
  • Columbus, OH
29
Votes |
61
Posts

Should I sell my duplex? Or refinance and hold

Michael C.
  • Investor
  • Columbus, OH
Posted

Numbers

Bought it for 175,000 a couple years back

Down payment was 18,000 plus 20,000 fix up

Now I owe 135,000 , it just got appraised for 242,000 , in this market I could sell it for 250,000

One side covers the mortgage and the other side is pure profit

Easy to rent, popular area , had somebody signed the lease sale day somebody moved out

If I list it my notifications will go crazy over 100 responses

Not bad for my first one. But now I’m in a middle of a refinance, haven’t closed yet , having second thoughtsafter the appraisal

Most Popular Reply

User Stats

20
Posts
15
Votes
Replied

What I did was to hold my properties for the long-term, using cash-out refi to pull the cash out to buy more properties.  The math shows that this increases the rate of return and grows my wealthy faster.  Good luck to you.

Loading replies...