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Updated over 7 years ago,
To Sell or to Keep? Mentor/ Painesville OH
Hi, I currently own a home that I previously lived in and now rent out. The home is in great shape, updated and market ready should I decide to sell. I currently owe 130K and the current market value is approx. 155K. After all expenses, vacancy, cap ex. etc. I cash flow $200 per month. Should I keep it? Or should I sell (realizing that I won't make much) and use that money etc. to purchase BRRR properties instead? I appreciate your thoughts.
Lindsay