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Updated over 8 years ago on . Most recent reply

Sell or rent my new construction duplex
Hi BP,
I am building a new construction duplex and am deciding whether or not to rent it out just sell it. My numbers for each are below. Which provides the best NOI? Opinions?
RENT:Monthly mortgage all in is $1130. Can rent each unit for $1300. Tenant pays all utilities. I would be managing.
SELLING: Cost to construct is $175k. Appraisal came in at $255k.
Should i take the money from the sale or hold long term. One caveat is i do plan to build more.