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Updated almost 8 years ago,

User Stats

5
Posts
1
Votes
Daniel Delanty
  • Investor
  • Mount Pleasant, SC
1
Votes |
5
Posts

Sell high value properties and reinvest or hold?

Daniel Delanty
  • Investor
  • Mount Pleasant, SC
Posted
BP community, I could use your wisdom. A few years ago we bought two 3 bedroom two bath houses for 220k and 289k. They are now both worth about $350-360k. Both are CF positive. Equity is $195k in one and $155k in the other. In the Mount Pleasant community of Charleston we feel these properties will not continue to appreciate at such fast rates so we are considering selling and reinvesting into properties with more opportunity for adding value and fixing up. The other option is to consider accelerating pay off of these two mortgages over 5 years and have $50,000 in annual income coming in. Thoughts?

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