Skip to content
Arizona Real Estate Q&A Discussion Forum
Account Closed
  • Investor
  • Phoenix, AZ
10
Votes |
37
Posts

Would You Sell a SFH Home bought in 2011?

Account Closed
  • Investor
  • Phoenix, AZ
Posted Nov 21 2018, 21:13

I bought a 1100sqft SFR for $82k in 2011. Zillow is offering me $211k out the door. I kept the rents low all these years. I leveraged this property a few years ago and reinvested the leverage and still have $65k loan on it. So, I will walk with $146k ($211-$65k).

This home is only appreciating at about 1.5% to 2% a year.

My question is , I have additional money, so this $146k will add to my other money and I will have $500k to invest in an apartment complex. I was thinking about a $2M apartment complex with another investor.

What would stop you folks from selling SFH to invest in something larger?

Loading replies...