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Updated almost 2 years ago on . Most recent reply

Kevin Wilson's profile image
Kevin Wilson's profile image
Kevin Wilson
  • Rental Property Investor
  • from Oceanside, CA
  • Member since Jul 9, 2019
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User Stats

121
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58
Votes
Kevin Wilson's profile image
Kevin Wilson's profile image
Kevin Wilson
  • Rental Property Investor
  • from Oceanside, CA
  • Member since Jul 9, 2019
Connect
Kevin Wilson
  • Rental Property Investor
  • Oceanside, CA
58
Votes |
121
Posts
General Real Estate Investing

Keep or Sell my Rental

Kevin Wilson
  • Rental Property Investor
  • Oceanside, CA
Posted

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?

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