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Updated over 6 years ago on . Most recent reply

Tony Mayo's profile image
Tony Mayo's profile image
Tony Mayo
  • Investor
  • from Fair Haven, New Jersey
  • Member since Mar 30, 2017
Connect

User Stats

7
Posts
3
Votes
Tony Mayo's profile image
Tony Mayo's profile image
Tony Mayo
  • Investor
  • from Fair Haven, New Jersey
  • Member since Mar 30, 2017
Connect
Tony Mayo
  • Investor
  • Fair Haven, NJ
3
Votes |
7
Posts
Marketing Your Property

When to sell a rental property?

Tony Mayo
  • Investor
  • Fair Haven, NJ
Posted
I have a 2 family property that I purchased 2 years ago for $275k. It is in a commercial area AND the company nEXT door would like to buy it for about $450k. MY RENTAL RATE IS ABOUT 1.5% PER MONTH... TO DATE I HAVE ALWAYS BOUGHT AND HELD FOR THE CASH FLOWS SO THIS IS MY FIRST SALE FOR CASHING OUT FOR EQUITY. SO I AM TRYING TO GET A BETTER CONCEPTUAL UNDERSTANDING IF I SHOULD COnTINUE TO HOLD OR aM I CRAZY ANF SHOULD I CASH OUT?
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