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 3 years ago, 03/11/2021

User Stats

6
Posts
0
Votes
Jonathan Rouse
  • Investor
  • Portland OR and Indianapolis, IN
0
Votes |
6
Posts

Should I hold or should I sell?

Jonathan Rouse
  • Investor
  • Portland OR and Indianapolis, IN
Posted

Hi team, I have a rental (so far my first and only) in a suburb of Indianapolis.  I purchased this home for 190K and put around 45K into it.  The value right now is somewhere between 275-280K.  The outstanding mortgage is 170K with a mortgage payment of $750 once you include taxes, insurance, vacancy, repairs my monthly is around $1,435 and it rents for $1,800.

It's a nice house, but is starting to wear down and the tenants want to purchase the house. I've owned for about 1.4 years and after the sale and would make around $25,000 after paying myself back for the repairs. This would free up around 60-65K to BRRR other rentals. Your thoughts?

Loading replies...