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Updated about 1 month ago on . Most recent reply
Renting vs selling Cumberland, MD
Hello BP community,
I'm closing on a property in Downtown Cumberland Maryland. Light renovation needed, 3 bed 1.5 bath. I came across some reddit post on the city and how tenant friendly it is, plus population decline. Apart of me wants to sell. My total cost is 40k, can resell at around $130. What would you do in my shoes
Most Popular Reply
Quote from @Ngozi Iwunze:
Hello BP community,
I'm closing on a property in Downtown Cumberland Maryland. Light renovation needed, 3 bed 1.5 bath. I came across some reddit post on the city and how tenant friendly it is, plus population decline. Apart of me wants to sell. My total cost is 40k, can resell at around $130. What would you do in my shoes
If you are talking about $90k profit before transfers in Cumberland...without question id sell it instead of holding it.
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