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The Investor’s Guide to a Single-Family Rental Emergency Fund
As real estate investors, your emergency funds are a critical line of defense against unexpected costs. It prevents you from dipping into your budget to handle them. But what should you really use an emergency fund […]
Don’t Overlook This When Buying an Investment Property—Learn From My Mistake
Let’s get one thing straight: Real estate investing isn’t a get-rich-quick scheme. If you think you can just waltz in and start raking in cash without a solid game plan, you’re setting yourself up for a financial face-plant.
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HomeForumsBuying & Selling Real EstateRent or sell
Madhan S.'s profile image
Madhan S.'s profile image
Madhan S.
  • Rental Property Investor
  • from San Diego, CA
  • Member since Feb 5, 2014
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Madhan S.'s profile image
Madhan S.'s profile image
Madhan S.
  • Rental Property Investor
  • from San Diego, CA
  • Member since Feb 5, 2014
Connect
Madhan S.
  • Rental Property Investor
  • San Diego, CA
4
Votes |
11
Posts
Buying & Selling Real Estate

Rent or sell

Madhan S.
  • Rental Property Investor
  • San Diego, CA
Posted Apr 14 2015, 16:09

Hi,

I am a long distance landlord located in Boise ID. I have a property SFR in Phoenix area which is currently rented out. It cash flows $450 per month after management, mortgage, taxes, insurance but excluding maintenance & vacancy.  Since the prices in Phoenix have risen quite a bit, I was wondering if it would make sense to sell the property and take the cash to invest locally here in Boise.  Any advice or further questions?  Thanks.

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