Considering selling my duplex

[Frank Inman]

Bought a brand new duplex with a VA loan back in 2011, put zero down and moved out of it after living in it for 6 months due to coming down on orders. I have been renting both sides out pretty consistently, think the longest I have ever gone without a tenant is like 3 weeks. Reason to sell would be to give myself more VA eligibility, so I can put zero down on my next residence and I'd make close to $10,000 after fees, if I get what I think is a reasonable price. I currently make about 3-400 a month on this property depending on if there are any small repairs. Would I be better off holding on to this property and putting 5% down on my next home purchase with a VA loan or selling and collecting $10,000 now and not putting 5% down. We'd have to put about $13,000 down if I don't sell my duplex.

[Jonna Weber]

@Frank Inman - is your duplex somewhere that you think will always have consistent rental income? (ie near a military base?). If you believe in the area, I would think long and hard about it before selling.  It would be a challenge to repurchase at the same sales price, especially with zero down!  If you do the numbers looking forward 30 years - you might be surprised at how much this will help retirement income.  Just my take from a buy and hold perspective!