With the Crazy Home Prices is it time to sell my Buy and Holds?
With the prices of Homes in my area at very high prices, and most houses on the MLS under $100k going under contract in 15 days or less (some with multiple offers) I'm thinking it might make sense to start CASHing in on the gold rush. Some of my houses that I bought back in 2007/08 for $30-$40k are worth 80k - 90k right now according to a realtor that did a BPO on them. Now for the dilemma: If I sell these, where do I put all that $$$? Any thoughts?? Am I missing something and should just hold on to these?