Updated almost 7 years ago on . Most recent reply
Advice on Whether to Take Profits
I bought two units in downtown Colorado Springs in 2001 for $183,000. Units are free and clear and together generate $2,800/mo gross. Realtor approached me to list for $499,000. Net profits on sale after capital gains and real estate commission is about $360,000 to $390,000. I'd appreciate comments on whether to continue taking cash flow vs. selling and taking profits.