Investor · Kerrville Tx · Member since 2013 · 70 posts · 26 votes
9y
it all depends what your long term goals are and your risk tolerance. If your plan is to grow, you can possibly sell one property and buy two at a higher LTV and now cash flow 400. If you don't want that much leverage, keep the property and enjoy 200 a month or save it. You have many options, base your decision on your end goal and move in that direction.
Investor · Kerrville Tx · Member since 2013 · 70 posts · 26 votes
9y
it all depends what your long term goals are and your risk tolerance. If your plan is to grow, you can possibly sell one property and buy two at a higher LTV and now cash flow 400. If you don't want that much leverage, keep the property and enjoy 200 a month or save it. You have many options, base your decision on your end goal and move in that direction.
Austin, TX · Member since 2017 · 18 posts · 3 votes
9y
How does it work if we have a tenant? Can property be sold? We have a property mgmt company handing rental. We see potential flipping a couple of homes this year and investing that money to purchase two as rentals.
If you sell a house with a tenant in place expect that the majority of the offers you will be getting will be from investors. Investors usually are not looking to pay retail. Unless your property is underperforming or there is something special about it expect to sell at a discount. Of course, if you can sell it and meet your objectives then go for it. I would consult with a good local realtor.