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Updated over 9 years ago, 07/09/2015

User Stats

9
Posts
3
Votes
Bill F.
Pro Member
  • Real Estate Investor
  • Philadelphia, PA
3
Votes |
9
Posts

Should I sell or keep condo rental?

Bill F.
Pro Member
  • Real Estate Investor
  • Philadelphia, PA
Posted
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
  • Bill F.
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