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All Forum Posts by: Stephen Taylor

Stephen Taylor has started 1 posts and replied 2 times.

Real Estate Deal Analysis & Advice

Post: looking to sell or to keep

Stephen Taylor
Posted
  • Posts 2
  • Votes 0

Maybe I should have put a little more info at first I lived in this house for 3 years so it was a FHA loan so little to nothing down. The payment is $1027 rent is $1525 the $500 cash flow is the most I have ever gotten and talking to a friend who has lots of rentals says I could get $1800 a month. The house is in the City of Orem which is 5 miles from BYU in Provo.

0 Votes
Provo, Utah
Real Estate Deal Analysis & Advice

Post: looking to sell or to keep

Stephen Taylor
Posted
  • Posts 2
  • Votes 0

I'm still new but learning daily, I have 1 rental right now and cash flowing 500 a month owe 120k on the house it is 1000 sq ft 3 bedroom 1 bath and is worth $330k I have had a couple people tell me I should sell it and and use the cash to buy 2 different places to have 2 assets instead of one. just wanted to get other opinions on this, with it cash flowing is it a good idea to off load it?   

0 Votes
Provo, Utah