All Forum Posts by: Rick Raleigh

Looking at a 4 Plex and wanted to get everyone's opinion on the numbers. Price is $225,000 Mortgage, taxes and ins are about $1,800 mo 3 units occupied, one owner occupied, currently renting for $2,500, will be about $3,400 after renting the owners unit. Seems like a good deal to me bit wondering if I'm overlooking something. Thanks!

Hello, My name is Ricky and I'm brand new to BP and to real estate and wanted to get some opinions from others who have done this before. I'm trying to determine when it makes since to sell vs continue to hold a rental property. We have a sfh we bought in 2011 for $43 k, we put about $7k into it and it rents for $1125 and cash flows about $700. The home is now worth at least $100k. I like having the monthly income but at some point I feel like I should sell it to move on to bigger and better. Is there a rule of thumb to sell after a certain amount of appreciation? Thanks!