Updated over 4 years ago on . Most recent reply
What strategy should I take from here on my student rental?
Hey all,
I have a property in a very desirable location in Glassboro, NJ minutes from Rowan University. I paid $124,000 for the property and have about $40,000 cash in the deal and returns about $10,800 a year. I have had this property for 3 years now. What do you guys think, should I BRRRR the property as its worth minimum $180,000? Not to mention this crazy market, its a cozy SFH 3 beds 1 bath but sleeps 4 students. Older house but its in such a great location that I'm not sure if I should sell to buy something bigger, BRRRR, or just hold? Looking to buy another property soon.