Updated almost 10 years ago on . Most recent reply
Should I sell?
I'm contemplating selling one of my rental properties. It currently cash flows $175 per month and I have had no trouble renting it. I purchased it in 2013 for $128K, owe $103K. Based on current comps, it should not be difficult to sell it for $160K. I plan on using the profits from the sale to purchase another rental property within the next year. Is it worth selling the unit to realize the appreciation gain?