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Updated about 8 years ago,

User Stats

51
Posts
7
Votes
Sean Kelly
Pro Member
  • Property Manager
  • Nashville, TN
7
Votes |
51
Posts

Sell for $180k profit -- what to do with the cash?

Sean Kelly
Pro Member
  • Property Manager
  • Nashville, TN
Posted

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?

  • Sean Kelly
  • Loading replies...