Should I sell or should I keep renting?
Hello, my current tenants are offering a decent price on my property and I'm considering selling to them by owner, using only a title company and lawyer. The property has rented for the past 5 years with no vacancy and I make $200/ mo after all expenditures. However, the property value has gone down 5% since I bought 10 years ago and is very stagnant, same with rent. It has not been updated since I bought, new, in 2009 and is in average shape.
If I sell, I'll make a 20% profit off the original investment (10 yrs).
Would you sell or would you keep? Thoughts?