Updated over 2 years ago on . Most recent reply
Keep or Sell my Rental
I have a single family rental. Purchased for approx $110,000 mortgage of approx $90K currently rents at $1240 with a mortgage payment of $950. Can maybe push rent up another $100-$150. Market value and comps put the property at $160K. Class b- / c+ neighborhood.
I may be a little over leveraged personally in my portfolio but not a great amount. Do I keep the rental, or sell and hold the cash for something better in the future?