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Updated about 5 years ago on . Most recent reply

User Stats

7
Posts
4
Votes
Mason Clinger
  • Contractor
  • Pocatello, ID
4
Votes |
7
Posts

Love it or list it?

Mason Clinger
  • Contractor
  • Pocatello, ID
Posted

For single family dwellings it’s a sellers market right now. If you were smart enough or lucky enough to capitalize on buying properties 5 years ago then your property has most likely appreciated in value. Even if you haven’t fixed it up or rehabbed. For those of you in this position. The question is...do you sell that property that has now appreciated? Or do you keep that property and rent it out?

Example: if you bought a property for $60K then rehab cost of $60K...now property will sell for $210K

Or

Rent will be around $1200-1300/mo

What would you do!?

Most Popular Reply

User Stats

7
Posts
4
Votes
Mason Clinger
  • Contractor
  • Pocatello, ID
4
Votes |
7
Posts
Mason Clinger
  • Contractor
  • Pocatello, ID
Replied

@Bevla Reeves I am looking at the long term strategy. I have been wanting to Brrr properties as the book by David Greene talks about. In order to do so I would like to free up as much capital as possible so that I can buy a new property and fix it up then rent and refinance...in that order.

I have also had a few people ask me if the market is good for selling or keeping your investment rental properties? Sell while it’s high and then hope for the next down turn to buy, buy, buy

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