Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
Selling duplex to capitalize on equity?
So a little bit of a rundown, I purchased a duplex in early 2017 for for 299k i used a fha loan. I currently owe 285k on the property and similar homes are selling in The 450-460k range is this to much to pass up on? I don’t need to sell the property it currently produces a 12% cap rate (if i move out) my plan is to buy another investment property which i almost have enough for a down payment. so i guess it’s really a matter of will the profit help me purchase more investment properties a bit quicker however ill be losing a great investment property in the mean time. It’s a very tempting paycheck just want some feed back, Thanks.