What would YOU do??

[Brandon Elliott-Pandey]

I had my first snafu this past year when a tenet broke their lease and just up and left.  The home was a mess and needed all new carpet, professional cleaning, and a new tenet. This was all happening in February of 2022 so the interest rates hadn't gone up quite yet and the market was still WHITE HOT! 

If you were in that situation and needed to make a decision to sell or fix and re-rent what would you have done and why???

Extra, relevant, info:

REPAIR OPTION-

- Repair totaled a little under 10K

- Re rented on a MTR platform and now cashflow ~$1,500+

SELL OPTION-

- Fix the home for ~10K and sell for close to $130K in profit.

- be able to 1031 into a larger project/ investment?

Thanks for your thoughts! :-)