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Updated over 6 years ago,

User Stats

149
Posts
13
Votes
Allen Lopez
  • Rental Property Investor
  • Baton Rouge, LA
13
Votes |
149
Posts

Selling an investment property with tenant with a 2yr contract?

Allen Lopez
  • Rental Property Investor
  • Baton Rouge, LA
Posted
So in 2016 I bought a property for $71k. Imidiately tented it out for $850 a moth. After all expenses I make $500 profit. The property is now valued at $98k. I also have a two year contract with the an amazing tenant that keep the place is perfect conditions, pays me online via transfer (no need for a property manager). Like I said perfect tenant. Anyways, I posted the unit for sale for $103k, willing to negotiate, and it’s been on the market for a month. Many views, but mostly people who want it without the tenant. Average rent goes around $950, so Iam giving tenant a break. plus I paId cash so I sont have a morgage. Questions: 1)Would you sell or keep It? 2) how long should I waIt If It doesnt sell? i am thinkIng that If It doean’t sell wIth In 60 days (30 dats from now), I wIll take It off the marIet and Iust keep It. 3) any additional thoughts?

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