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Updated about 8 years ago,
Sell for $180k profit -- what to do with the cash?
Purchase price: $156k
Recently refied to a 15yr Mortgage - $131k owed -- $1200/mo w/ taxes and insurance
Currently rents for $2400/mo
Property is worth $300k conservatively so could likely sell for $180k PROFIT.
I want to buy/hold/cashflow properties
Should I sell? If so, what should I do with the $$$? My local market is .7-1% cashflow.
What would you do?