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Updated over 2 years ago,

User Stats

44
Posts
25
Votes
Alana Reynolds
Agent
  • Real Estate Agent
  • Jacksonville Florida
25
Votes |
44
Posts

Keep or sell, what do you think?

Alana Reynolds
Agent
  • Real Estate Agent
  • Jacksonville Florida
Posted

Hello! I am having trouble deciding on selling or keeping my house in Jersey that my husband and I have been living in since 2020. We have made major improvments, new roof, windows, kitchen total rehab granite countertops and added bedroom. Purchased for 180,000 and now it may be worth 275,000 or more

I like the buy and hold rental stradegy and want to keep it and rent it for 2200 a month. The mortgage is 1400. Its in Northfield NJ. Great neighborhood. Solid house 3 bd 1.5 bath. 

my hubby wants to sell, he received orders to Jacksonville FL and we could buy a multifamily with the proceeds from the house. 

I want long term growth. I was thinking of getting a Heloc and keeping . Pros cons? 

Buy or sell?

thanks!

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