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Updated over 3 years ago on . Most recent reply
To sell or to continue
I have a rental in the same areas as my primary (that house was my primary, that I converted into a rental) , its now worth 850K and is cashflowing around 18k / year after taxes, repairs. no big repairs yet to use the 50% rule but its getting close (water heater, deck …) .Thoughts from you all on if this is the time to sell and invest in equities, multiple properties by leveraging the returns
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If you have a place worth $850K with no mortgage making $18K per year, I'd sell it and use that money to buy multiple properties with mortgages that cash flow. The tenants then pay down your mortgage.