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Updated over 5 years ago on . Most recent reply
Selling or refinancing
We are trying to decide if we want to try and sell an occupied rental turnkey or if it's just better to hold onto until the tenants move out then sell. Any ideas? It's in the North Houston market.
Most Popular Reply
That is awesome you and your wife are working together in RE. Having a wife as an agent saves you and makes you money on both ends of the deal that is awesome.
One thing to consider when you are to sell as a rental to an investor is the property tax adjustment. If the sale price times the tax rate is not much than someone not wanting to do rehab and want turn-key might consider it. If HCAD has a lower value than the market it will affect cash flow. Thus will be a low returning investment.
If you dont need to do much to get it market-ready I would lean more towards selling to a home buyer than an investor. As an investor, I really wouldn't look at anything more than $150 for SFR but that's just me.
Best of luck