Do I sell and make 285k or hold long term??
Hey guys. I have a dilemma… I own a three family house in newark nj and currently cash flowing about $1800 a month. I owe 280k on it however I just got an offer for 600k. I still have about 25 years on the Mortgage. I bought the house about 5 years ago. Never thought I be selling this fast. I’m having second thoughts between selling or keeping. If I hood for about 10 years I would have made the 285k in rental just about. The problem is I don’t know what do to with the profit after selling , if I do see. I wanted to get into other businesses or real estate but everything is so expensive.. anyone have an advice or recommendations. Any input would surely help