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Updated about 7 years ago, 11/17/2017

User Stats

28
Posts
3
Votes
Brent Davis
  • Investor
  • Petersburg, IL
3
Votes |
28
Posts

sell or don't sell

Brent Davis
  • Investor
  • Petersburg, IL
Posted

I'm new here so if I am posting this in the wrong place please let me know.  I have a question about a duplex I recently bought.  I paid 78,000 for it about four months ago.  It is currently rented for 600 month for each side.  I could probably paint and put in new flooring and get  700 each side.  I'm positive cash flowing a couple hundred bucks a month right now.  I had a realtor call me yesterday wanting to know if I'd sell the property.   I know I got a steal on it.  I mentioned that I felt it was worth 110-120,000.  My question is if I could get anywhere near that would you sell? Realistically I think I could get 105 or so for it.  I don't necessarily need the money and I'm relatively young and it is paying for itself.  What would you do?

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