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Updated over 6 years ago on . Most recent reply

User Stats

6
Posts
0
Votes
Brenda R Sullivan
  • Investor
  • Glendale, AZ
0
Votes |
6
Posts

Fix and rent or just sell

Brenda R Sullivan
  • Investor
  • Glendale, AZ
Posted

I have a rental property that I've had since 2002. It has been a great rental, however, now the property needs to be modernized. It would cost me about $10G to do that.  Should I sell it and use the proceeds to buy another property, or should I pay the 10G and jack up the rent.  The rent currently is under market.

Thank you.

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