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Updated about 6 years ago on . Most recent reply

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Andres Prince
  • Real Estate Agent
  • Chicago, IL
1
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Own a 4 unit ,cap rate 20% should I sell? Im 24y/o

Andres Prince
  • Real Estate Agent
  • Chicago, IL
Posted

Hi,I’m 24y/o ,I own a 4 unit that gives me a cap rate of 20% ,equity at the moment 130k ,should I sell and make a flip? Or keep it (can’t refinance bc of a recent bankruptcy)

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Oleg Shalumov
  • Rental Property Investor
  • Teaneck, NJ
291
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Oleg Shalumov
  • Rental Property Investor
  • Teaneck, NJ
Replied

@Andres Prince what would you do with the money if you sell the property? 

If you have a profitable investment in mind then sell. If you do not have anything to invest in, then hold. 

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