3 Properties & Unsure What to Do... (Sell or Hold?)

[Jeremy Vought]

Hi Bigger Pockets, Military investor here needing assistance. Thanks in advance! I’ve ran the numbers on multiple calculators but I’m still not confident I’m analyzing my 3 properties correctly. Bottom-line is that I’m trying to figure out if I should sell or hold. Two are rented and one is my Primary Residence which I will be moving out of due to military orders to New Orleans this summer (though all were a primary residence at some point). As a Buy and Hold investor, I’m not prone to sell, but I think the math may be telling me that I have a at least one-to-two Fix and Flips on my hand.  

Here are the details with additional numbers in the photo:

9122 Oshad Lane, Springfield, VA (current Primary Res, available for sale/rent in Summer 2021)

Purchase Price: $352,000   |    Total Invested (closing costs, down payment, rehab): $100,000 not financed

After Repair Value (ARV): $480,000 |   Left on Mortgage: $330,400

If rented, Monthly Cashflow: $225 (taking into account all expenses including CAPEX & Vacancy)

9132 Everett Court, Springfield, VA (currently rented until May 2021, could continue renting or sell)

Purchase Price: $320,000    | Total Invested (closing costs, down payment, rehab): $55,000 not financed

After Repair Value (ARV): $405,000 |     Left on Mortgage: $289,000

If continued to rent, Monthly Cashflow: $100 (taking into account all expenses including CAPEX & Vacancy)

3345 Haverhill Rowe, Lawrenceville, GA (currently rented until May 2022, could continue renting or sell)

Purchase Price: $94,000    |    Total Invested (closing costs, down payment, rehab): $29,000 not financed

After Repair Value (ARV): $260,000 |     Left on Mortgage: $68,837

If continued to rent, Monthly Cashflow: $350 (taking into account all expenses including CAPEX & Vacancy)

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Thanks for any insight you can provide on my situation!  I'm still not confident enough on my ability to analyze (especially with the weirdness that comes from already owning them, multiple refi's, and all used as Primary Residence at some point).   I very much appreciate all the guidance and motivation this community has provided.

[Matt Ziegler]

Jeremy, 

What is your long term goal? You state that you are a buy and hold investor, so why not hold on to these, looks like you could pull some equity out and use that to fund your next purchase. John Schuab’s book , building wealth one house at a time would be worth a look.

Cheers