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Updated about 5 years ago,
Thinking about selling SFHs + primary, renting primary, buying MF
Hey BP! So we are thinking about selling our two SFH rentals which have appreciated decently and also have very mediocre cash flow, as well as our primary which we bought really as a "live in flip". Selling all 3 would likely get us $180k - $200k in cash. Then we would rent our primary (can anyone say NO MORE fixing AC units, roofs, plumbing, etc etc etc)?? Hallelujah. The thought process behind this is that we ultimately want to be in multi family anyway, and I don't want to get stuck with mediocre SFH rentals if there is a downturn (I know I know, no one knows what is going to happen). We would buy another primary when we found a steal.
So... what would you do in our situation? I think part of me is hesitant because I hustled my *** off to get all 3 of these houses and selling would kind of make me feel like we are going backwards! But the ego needs to get checked in order to make the smartest move. Thoughts?
I appreciate any advice!