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Updated almost 4 years ago,

User Stats

46
Posts
7
Votes
David Levin
7
Votes |
46
Posts

Would you sell your primary home to invest in Multifamily?

David Levin
Posted

Hi All. Current situation. Renting out what was primary home with net returns of $793/mo. If refinanced, those net returns will become $1122/mo. Currently living in rental which is over 1.9K less than mortgage, including taxes and insurance. Primary is not for sale but recently have had a few offers to sell and would net roughly $220K on the sale after closing costs and commission. The question is... Sell, continue to rent and invest in MF (already have MF property) or stay put? Decisions....Just looking for a little feedback...Thanks!

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