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Updated about 8 years ago on . Most recent reply

Chris Toedter's profile image
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Chris Toedter
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Chris Toedter
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Chris Toedter
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  • Clifton, NJ
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Buying & Selling Real Estate

Advice to RENT or SELL my condo???

Chris Toedter
  • Professional
  • Clifton, NJ
Posted

I bought a Condo 2 years ago, closing costs covered by the lender! for $193,000 I put about $14,000 into it. I was originally going to rent it out but its 1 unit and I could get some cashflow. But I want a multi-family I have it for sale at 239,000 and I received an offer for 229,000 with 4,500 concession. in the end of the day I will walk away 10k Net Profit and I have lived there for 2 years. THOUGHTS????

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Thomas S.#2 General Landlording & Rental Properties Contributor
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Thomas S.#2 General Landlording & Rental Properties Contributor
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Take it and run. The first offer is usually the best.

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