Real Estate News & Current Events
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago, 07/09/2020
Opinions please, when to SELL, 1% rule
I have a 3 bed, 2 bath, 2 car in Houston, Texas. Current market rent is about $1450 to $1600, taxes are 2.65%, insurance is $100 monthly. A flipper just sold a similar house 4 houses west, same street, slightly less updated for $224,900. So my $174k taxes appraisal will rise come January.
Fyi, i have already partly BRRRRed this one. Including remodeling and cash out refinancing, so I have zero of my money left in it, but thinking I should move the equity, approximately 85k after expenses on to a 1% property. In fact I already pulled out about $15k above my cost out, I have owned this 11 years. Please shoot this down if you can, or back me up. Thanks in advance.