Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

61
Posts
64
Votes
Todd Kruger
  • Flipper/Rehabber
  • Albuquerque, NM
64
Votes |
61
Posts

[Calc Review] Help me analyze this deal

Todd Kruger
  • Flipper/Rehabber
  • Albuquerque, NM
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

I purchased a home in June that had a fire.  The previous owner sold this to me for $40k and I have rebuilt the entire home from the foundation up.  I will finish the house next week and be all in at $135k.  Retail value is $185k.  I am a Real Estate Broker and I would net $175k after the sale of this home.  The market is very strong and this will sell right away thus making $40k tax free back into my Self-Directed 401K.

My alternative is to keep this in my portfolio as a long term rental.  I can rent this for $1,400 monthly and property taxes are about $150 so I would net about $1,100 monthly after all expenses-also tax free into my 401K.  

All along I planned as keeping this as a long term rental, and the home came out great. I have about $2.8M in my 401K and have many assets and investments in it.  I do not NEED the $ in my account to allow me to do more deals, so this is not a concern either way.  

What do you think I should do?  Should I sell this and deposit $175K back into my 401K or make $1,100 net for the foreseeable future and consider selling it 5 or 10 years down the road???

THANK YOU FOR YOUR consideration!  Todd

Loading replies...