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Updated almost 4 years ago on . Most recent reply

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Vijay H.
  • Greater Seattle, WA
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To sell or to continue

Vijay H.
  • Greater Seattle, WA
Posted

I have a rental in the same areas as my primary (that house was my primary, that I converted into a rental) , its now worth 850K and is cashflowing around 18k / year after taxes, repairs. no big repairs yet to use the 50% rule but its getting close (water heater, deck …) .Thoughts from you all on if this is the time to sell and invest in equities, multiple properties by leveraging the returns

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Theresa Harris
#3 Managing Your Property Contributor
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Theresa Harris
#3 Managing Your Property Contributor
Replied

If you have a place worth $850K with no mortgage making $18K per year, I'd sell it and use that money to buy multiple properties with mortgages that cash flow.  The tenants then pay down your mortgage. 

  • Theresa Harris
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