Updated about 5 years ago on . Most recent reply
To sell or not to sell?
I have a dilemma..I purchased my first house 3 years ago. The market is crazy as we all know. I'm a new investor and I have been looking to invest in a rental property (no success). After speaking to my realtor I learned that if I were to sell my current house now I could make a profit of 100K after all the fees are paid off. But, I want to be a buy and hold investor. If I were to rent my house and purchase something else, I would have a cashflow of $300 a month. what would you do?
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Joe Villeneuve
#5 All Forums Contributor
Pro Member
#5 All Forums Contributor
- Plymouth, MI
If you sold this property, and used the $100k as DP's on other properties, how many other properties could you buy...and what would the CF of those properties be? I bet you'll sell.