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Updated over 3 years ago on . Most recent reply
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Should I sell my rental? Need some input/opinion
We own two rental properties, both are SFH, one of them I have a 300k loan at 2.65% and rented at $4100/m, my cost all in is $3200/m. In the past year I've had two families moving out early, and about a call once a month because the tenants was super picky.
I can sell this house and make about $300k after taxes liquid. My wife and I are wondering, maybe we can cashout now and invest the $300k in notes (or part of it), or flipping properties which I've always wanted to do. Or keep it and risk a crash (which I don't think will happen).
Suggestions on what to do please!
Most Popular Reply
You have several good options. Looks like you net about $900 a month correct?
collecting $900 a month is $10,800 a year.
buying notes through Safeguard Capital Partners at 9% is $27000 to $30,000 a year.
You could do a 1031 @Dave Foster ERG company into a passive investment and not have to pay taxes and depreciation.
I currently am doing all three. I own 7 duplexes I manage to qualify as a real estate professional. (not an RE agent)
I also have had great luck with Capital partners ( Talk to Corey Fleetwood) mention my name
I just sold 1 duplex and through @Dave Foster I am using the 1031 to buy 3 duplexes with no out of pocket costs.
I'm sure that there are many options available to you. I've had great success with these options.
Hope this gives you soon things to think about.