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Updated over 8 years ago,
Should I sell or hold
Hello BP I recently bought a 8plex and 2 duplexes for 200k. it was and is currently fully rented out and I get 4600/mo. after all expenses I get around 2500 cash flow.
I used the no money down way(actually it was about 2k) and my dilemma is should I sell it and gain the huge profit or continue to collect the money each month?
The property was sold by a Motivated seller who owned the property for 15 years and was tired of being a land Lord. He sold it to me for the price he bought it for 15 years ago. He hasn't raised rent in 10 years.