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Updated over 8 years ago,

User Stats

8
Posts
0
Votes
Nick Miehe
  • Investor
  • Dunedin, FL
0
Votes |
8
Posts

Should I sell I or keep it?

Nick Miehe
  • Investor
  • Dunedin, FL
Posted

Hi everyone!  I have been struggling with whether I should sell my triplex.  I bought it for 189k 2 years ago.  I currently live in the 3/1 unit and rent the 1/1 for 475 (about 300 dollars below market value but this tenant was inherited) and the other 1/1 is a vacation rental that generates a minimum of 1100 a month and during busy season it generates 3k a month.  If I rented the 3/1 it would go for about 1350 a month.  My fiancé is a realtor and we believe we could sell if for 400k since it is now commercial property and Dunedin, Florida is booming at the moment. If I sold it is reinvest into other properties.  Any guidance would be great.  Thanks!

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