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Updated over 3 years ago,

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2
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1
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Wayne Tsang
1
Votes |
2
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Keep or Sell Home with a Pool

Wayne Tsang
Posted

HI All this is my first time posting in the BP forum!

I am moving from my 2-family house to a new single family house in a few months. The house was bought in 2016 for 600K and has appreicated to around 800K (based on Zillow recent sales) .  I am debating whether to rent out the current unit I am living in (that has access to the backyard and pool) or sell the property and reinvest the gains into other projects. The unit I am living in will be rented to a family member who will be paying at the market rate and will not use the pool. The other unit is rented to a very good and responsbile tenent. However, the cash flow is pretty much $0 (before tax). The only upsides I see are depreciation and property appreciation.

I would like to here your thoughts on selling or keeping the property. Thanks!

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