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Updated over 3 years ago on . Most recent reply

User Stats

23
Posts
3
Votes
Kristian L.
3
Votes |
23
Posts

Sell or rent - offer received

Kristian L.
Posted

I got a offer on the house I live in. Initially I wanted to rent it but decided to stay a little as the prices are pretty high. (Las Vegas)

I paid 265 one year ago and just got an offer of 350. 
I can probably get 1850 rent / 11% cash on cash / 300+ cash flow

Not sure if it is the best to sell or keep as a rental. I plan on moving to Idaho in the next year because I got a new job. Could use my equity to buy something new in Idaho. 

Long term goal is to build a bigger portfolio and be closer to it have to work. Currently have 5 rentals in Las Vegas + the house I live in

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