Is the townhouse worth keeping or selling? 3.25% APR
I got a townhouse back in 2020, a month before covid had struck. $175,000 when I got it, I currently have $151,000 left. I had recently renovated and added new appliances and have the 2b1.5b for $1,670 ($,1600 per month plus $35 per pet fee). It cash flows about $348.17 per month. After HOA/insurance/mortgage/hemlane fees. My problem is my VA loan benefit is stuck to this townhouse. I could sell the property and focus on getting a 4plex with that benefit. But my downside is my debt and lack of a job at the moment. It is taking me a bit of a while to find a job in my new place and the property is maintaining my debt. If i sell the property, I can clear my debt and my VA disability pay will grow my income as I look for work. Or, i keep the property and continue looking for work, and manage debt each month with the profit + va disability pay. Since the peoperty is in a 1 year lease, i cannot sell it to a veteran, until that lease is up.