hold and rent v.s offing this summer?

[Aaron M.]

Hello,

My name is Aaron Marzec, and I am an out of state investor currently working/rehabing in the Twin Cities.

I live at 1670 hewitt ave in St. Paul, and I bought the house as an investment. It started out as a 1500sq ft. 2/1 and now it is a 2200sq ft. 3/2 (might finish the entire second story adding a master suite making it a 4/3.

I've also, fixed a heaving retaining wall by the garage, and will be adding some real curb appeal to the front landscaping this spring.

I bought the house with the intentions of house hacking it and selling June 30th, but now there is that new Minnesota United soccor stadium being built there in 2016, plus there will be a massive redevelopment for the whole university/snelling area.

Any thoughts on whether I should just hold it and pull the equity out and reinvest it in a multifamily, or should I just sell it.

Here is a link for the house when the previous owner had it listed:

http://www.zillow.com/homedetails/1670-Hewitt-Ave-Saint-Paul-MN-55104/2135879_zpid/

Thank you for your time, and I look forward to talking with you in the future. 

[Aaron M.]

Originally posted by @Rex King:

Do not waitbuntil June to list. Your best tines to list in MN is late March to early May. The summer months in MN are similar to winter months, slow. If you can list sooner I would. You can close later, post 1 yr. holding, for long term gains.

The reason that I have to wait until July 1st is because I bought it with an FHA loan. July 1st is 366 days.