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Updated about 6 years ago,
Keep property for long term rental or sell for 40k+ gain
I have been working on my fIrst RE deal doing a live and flip for the last 3 years and am just about finished with completing the flip. Bought the property for about 90 and put maybe 10 into the property. Local prices have increased to where I could sell for at least 145k. I was planning on just turning it into a college student rental and could rent the home for about 1200 a month. I don’t know if I should keep it for a rental or sell it for the gains so I can have more capital for my next deal. Any advice would be appreciated! Thanks!