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Updated over 9 years ago, 07/09/2015
Should I sell or keep condo rental?
My condo rental brings in $1,050 per month. I currently have good tenants that have been paying on time. I lived in the condo before renting it out and my expenses are about $1,050 per month. Do you think it is worth keeping just for tax benefits or should I sell and put money towards another property? I paid 145k, worth about 135k and owe 114k.. I estimate I would receive about 10k cash if I sell.
Thanks