All Forum Posts by: Sandesh Ghodke

 Thank you @Tchaka Owen and @Bjorn Ahlblad for providing valuable information.

I have a question whether to keep the property or sell(because of sellers market) it.

I bought the town house for 185K back in 2013 and in Zillow(and others) property values shows as 300K+. We lived there for 7 years. Currently, I am renting this property(since Dec 2020) for $2000/month and my mortgage payment is $1400, I owe $54K loan to the bank. I have 15 years loan with 2.5 % interest. Also, there is no HOA fees.
I am using management company to find the renter and manage the property. Management company charge us 1st month rent and service fee $110/month.

I am not sure whether  should continue to rent or  sell and buy multiple properties?

Please advise.

Thanks.

Thanks @Will Fraser  I was thinking of refinancing to 30 years and use the cash-out money to buy more doors.

@Jessica Grewe  Please send me the details. Thank you.

@David Barnett Thanks for the information.

I have 15 years loan with 2.5 % interest. Also, there is no HOA fee. It's Twin home. There are few twin homes in that neighborhood along with single family home.

About Property : It's split level, 2 bedrooms in the basement. Main level as one bedroom and there is potential of adding one more bedroom at that level.  Also, we did few upgrades.

Thanks

Hello everyone,

I have a question whether to keep the property or sell it.

I bought the town house for 180K back in 2013 and now in  Zillow property values shows as 300K+. We lived there for 7 years . Currently, I am renting this property(since Dec 2020) for $2000/month and my mortgage payment is  $1400, I owe $54K loan to the bank. 

I am using management company to find the renter and manage the property. Management company charge us 1st month rent and service fee $100/month.

I am not sure whether I should continue to rent or should I sell and buy multiple properties?

Let me know what you guys think.

Thanks.

@Jessica Grewe I am located at Twin Cities area.

@Will Fraser currently, I am looking properties local to Minnesota.

Hello Everyone,

I am new to biggerpockets as well as Real estate investing. I am from  Minnesota and looking for investment properties in local area.  

Thanks.