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Updated 7 months ago, 04/20/2024

User Stats

72
Posts
28
Votes
James Robert
  • Flipper/Rehabber
  • Cincinnati, OH
28
Votes |
72
Posts

What is your real opinion on the market? Do we sell now..

James Robert
  • Flipper/Rehabber
  • Cincinnati, OH
Posted

I bought a house for 325k last year, a comp renovated 10 doors down is up for 540,000. 3/2 same as mine, 300 square foot bigger. Do i fix this up with 20-30k and cash in my chips and look for a new opportunity. Its my primary. This mortgage is too much for me anyway and i feel i could use this money to eliminate hard money lenders in my flip business. Do I do it? I am not a buy and hold guy simple as that. I am a flipper as my job i have done 5 flips now and am a full time real estate investor. If I sold this I would just buy my deals in cheaper areas for cash. I plan to rent for a year if I do sell this. I am also a licensed Realtor so I would not pay to list. What would you do? I will have about 50k liquid after selling my current flip without selling my primary. 

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