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Updated over 2 years ago on . Most recent reply

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447
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Peter Morgan
  • Rental Property Investor
  • West Des Moines, IA
63
Votes |
447
Posts

Sell home to relocate or Quit Job

Peter Morgan
  • Rental Property Investor
  • West Des Moines, IA
Posted

Hello,

I think I have a difficult choice to make between selling my owner occupied triplex to relocate for the sake of my job which was remote all theses days or Quit and find another job locally but it's unlikely I will make that much here locally unless I wait for up to six months.

I think I can make up to 200k in profit selling but I will be left with no option to buy again as the prices have skyrocketed in the state I am planning to relocate (CA).The triplex has been giving a perfect balance ,I am literally living rent free and even cash flowing up to $500. Please note managing from remote is not an option for me as I prefer being at least at a drivable distance and I will find tenant and property management issues more tolerable when I am closer and hiring a Property manager will more than likely will get me into a negative cashflow.Appreciate your inputs.

Thanks

Most Popular Reply

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8,747
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Drew Sygit
#2 Managing Your Property Contributor
  • Property Manager
  • Royal Oak, MI
5,373
Votes |
8,747
Posts
Drew Sygit
#2 Managing Your Property Contributor
  • Property Manager
  • Royal Oak, MI
Replied

@Peter Morgan

If you rent out your unit, how will you be negatively cashflowing?

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Logical Property Management.
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