Would You Sell a SFH Home bought in 2011?
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?