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Updated over 8 years ago on . Most recent reply

Sean Kelly's profile image
Sean Kelly's profile image
Sean Kelly
  • Property Manager
  • from Nashville, TN
  • Member since Oct 24, 2016
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Sean Kelly's profile image
Sean Kelly's profile image
Sean Kelly
  • Property Manager
  • from Nashville, TN
  • Member since Oct 24, 2016
Connect
Sean Kelly
  • Property Manager
  • Nashville, TN
7
Votes |
51
Posts
Real Estate Deal Analysis & Advice

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

Sean Kelly
  • 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
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    Chris T.'s profile image
    Chris T.'s profile image
    Chris T.
    • Investor
    • from Downers Grove, IL
    • Member since Aug 10, 2015
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    Chris T.'s profile image
    Chris T.'s profile image
    Chris T.
    • Investor
    • from Downers Grove, IL
    • Member since Aug 10, 2015
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    Chris T.
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    • Downers Grove, IL
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    Chris T.
    • Investor
    • Downers Grove, IL
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    @Sean Kelly

    Do a 1031 exchange into 2-3 properties and repeat the process! 

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