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Updated over 7 years ago on . Most recent reply

User Stats

95
Posts
12
Votes
Rob Smith
  • Investor
  • Chino Hills, CA
12
Votes |
95
Posts

Should I sell or should I keep

Rob Smith
  • Investor
  • Chino Hills, CA
Posted

Need advice what should I do?

I have a rental property in Victorville Ca

Paid 225k

Currently worth $250k

I owe $218k

PITI = $1446

Rent=$1275 after P.M.

Has had 15k in repairs,maintenance or Lost rent in the past 10 years  in 10 years it has made  $563 in profit  or about $4.69 a month in profit  meanwhile somebody else is paying off a home for me and after tax write off’s I think I’m  making more a month than that but I need somebody to help me analyze what I should do thanks for your guys help 

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