Sell or hold rental duplex
Considering selling my duplex with high prices vs hold. Owner for 3 years, bought for 140k. House hacked and renovated units. All in for 165k. Could sell for 300k ish, mortgage is 830/month at 2.8%. Added detail, I’ve lived there 3 years so I can cash out without paying capital gains. I already bought another house. Rental income is 1800/month. Don’t mind either option, just what is best? I feel like it’s over valued market at this time, my area is growing though and the rental market is good in foreseeable future. What do you guys think?! Hold or cash out. Thanks for input!
Most Popular Reply
Depends on what your goals are. If you've lived there and can cash out and avoid capital gains, great - but what's your plan to reinvest the money into something else? You're making passive income of $1000 a month, which is fantastic. So again, depends on what your overall real estate goals are - more units like a 4 plex, or stable income? No one can really answer that question but you. Good problem to have!