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Updated over 8 years ago,

User Stats

51
Posts
3
Votes
Lucky B.
  • Investor
  • Clermont, FL
3
Votes |
51
Posts

Should i sell or continue to rent

Lucky B.
  • Investor
  • Clermont, FL
Posted

Hi Guys, thanks in advance for all your opinion and suggestions. Here is my scenarios. I currently am renting a 3 bed home for $1500 a month. The real taxes this year is proposed to be increased to $3850 from $3500 last year. My monthly PITI is $863. I personally think the taxes are too high and not investor friendly in this region because a neighbor with a similar home is paying $2300 in taxes.

The house needs minor work as with age and finding a good handyman had always been a problem for me . They never show up and when they make a few bucks they go to Hawaii and spend it all out then come back. 

Should I just sell the house or continue renting ? If I sell the house I will make about $150k after paying a realtor.

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