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Updated about 6 years ago,

User Stats

4
Posts
1
Votes
Mary Robinson
  • Rental Property Investor
  • North Pole, AK
1
Votes |
4
Posts

My starter home from 2009.

Mary Robinson
  • Rental Property Investor
  • North Pole, AK
Posted

I bought my first home at 21, and I bought a small duplex. This break down shows the stats of when I bought it, not the current blance of what I owe now. Now I live in a large SFH with my family and we rent this one out. It doesn't make much as you can see. The thing that drags it down is the oil expenses for heating it. I would like to start investing in properties out side of my current state (Alaksa) where its cheaper to both purchase and run a home. Would you sell this house and use the equity to start investing somewhere else? I figure if I sold it now I could probably clear 60k+ easy. Multi family homes are desired right now because of a new squadron of F-35s coming. My hesitation is mostly sentimental and it's a great rental. It has never been vacant for more then a month or two. What do you guys think?

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