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Updated about 8 years ago on . Most recent reply
SFH deal in Plymouth, Michigan - rent it out or sell?
So I'm under contract on a SFH in Plymouth, Michigan. I could (1) put it on the MLS as-is and probably make a few bucks pretty quickly, (2) put some money into it and make a few thousand more than in situation 1 but have more risk and headaches, or (3) keep it long-term as a rental that would be a little better than the 1% rule.
For those of you who've had similar options, what kind of difference do you look for from mathematical perspective in order to decide whether to sell or rent?
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@Joshua B.. There is some validity to what you're saying about over-leveraging, but most people would never be able to grow a business without leverage. Talk to the BRRRR crowd!
Also, you are looking at COC because you're looking at cap rate on an unleveraged property. Those are interchangeable.