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Updated about 3 years ago,

User Stats

3
Posts
1
Votes
Keith Smith
1
Votes |
3
Posts

Keep or sell my property

Keith Smith
Posted

We currently own home in central FL in a desirable location 40 min to beach 30 min to downtown Orlando. it was built in the late 50s solid block home. 2 bed 1 bath large lot.  Never mad money off of it (had family member as tenant for 10 years) Got a new roof in 2019, new septic in 21. Needs new wiring  and cosmetics estimate I'll need to put 25-30 into it to sell or keep . Potential rent range is 1300 to 1500. My wife wants to sell I want to keep it as a rental. My belief is after doing all the big work, roof, wiring and septic it makes better economic sense to keep it. Who's right?

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