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Updated almost 9 years ago on .

do i sale or not
I have an interest only loan on my primary residents and it now has principal added to it. I owe 104000.00 on it now and it appraises at 153000.00. I have it on the market to sale and I have an offer for 153000 and buyer is paying all closing cost. Question is I do sell it or do I keep it an refinance and take out some of the equity to purchase another rental. Comparable rentals in my area are going for 1300 to 1500 a month