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Updated over 8 years ago,

User Stats

36
Posts
2
Votes
Frank Inman
  • Investor
  • Severn, MD
2
Votes |
36
Posts

Considering selling my duplex

Frank Inman
  • Investor
  • Severn, MD
Posted

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.

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