Housing Market crash

[Hassan Gebril]

I bought An investment Multi family for 280k with 3 units 2 years ago and the Zillow price now is 350k. Should i sell it now and use the equity to buy 2 houses instead of one

Income. 3,400

Tax. 5,600

Insurance 1,800

Three family separate utility

[Account Closed]

Originally posted by @Hassan Gebril:

I bought An investment Multi family for 280k with 3 units 2 years ago and the Zillow price now is 350k. Should i sell it now and use the equity to buy 2 houses instead of one

Income. 3,400

Tax. 5,600

Insurance 1,800

Three family separate utility

 Let's do the math:

Value $350,000

Principal Payoff $270,000

Real Estate Agent Fees (5%) $17,500

Closing Costs $2,500

Net $60,000

Capital Gains Tax 25% $15,000

Net Net $45,000

So, can you buy two houses with $45,000?