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Updated almost 4 years ago,
Doubling Of Initial Equity
I'm new to real estate investing and hope to make it a successful career over the next 30 years. I plan on making my first investment in the next 12 months hopefully when the housing market cools down a bit. My questions are:
If the initial equity I put into a buying an investment home is $100K ($90K DP and $10K rebab), is it best to sell the property when my initial equity doubles and use the $200K to purchase a larger property?
Is there a scenario when it makes more sense to continue to hold the property even after the initial equity has doubled?
Thanks.