Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

25
Posts
13
Votes
Steve Janiak
  • Chelmsford, MA
13
Votes |
25
Posts

Is this a good investment - Sell or Hold?

Steve Janiak
  • Chelmsford, MA
Posted

Purchased a villa near Tampa ~3 years ago in a good town with good schools and trying to decide if it's time to sell or rerent... it's an out state rental near my brother and my PM is good and tenants have been good so far but tenant just moved out. I'd use the profits to pay off HELOC and pay down another rental's mortgage.

Purchase 125K plus 25K repairs

Would sell now ~215-220K

Owe 85K - 5% rate used HELOC from primary home

Rent $1550-1600/mo

HOA $275/mo

insurance $200/mo includes flood policy $600/year

RE taxes $200/mo

Management $155/mo

Loading replies...