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Updated over 6 years ago, 07/30/2018

User Stats

17
Posts
8
Votes
Mike Xiao
  • San Diego, CA
8
Votes |
17
Posts

Should I sell Utah property for Multi-family in Orlando?

Mike Xiao
  • San Diego, CA
Posted

Hi All,

It's been a while since I came on here.  I have a single family home in Tooele, Utah.  It's paid off, and currently get $1550/month.  The home I estimate can be sold for ~$230K-$250K.

I'd like to get some advice on strategy.  I'm contemplating if I should sell my house in Utah, and use that money for down payment on a larger multi-family unit in Orlando or maybe Tampa?

It seems Orlando and Tampa are some rental markets.

OR....should I just hold my Utah home forever, and just save up enough down payment for another investment property, which could be a while.

Just curious what strategy is best, basically. Whether to just gather up a bunch of properties, or keep selling to upgrade to more and larger multi-family units.

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