Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
New York City Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

78
Posts
40
Votes
Michael M.
  • Investor
  • Bronx, NY
40
Votes |
78
Posts

Hold or Sell in the Bronx

Michael M.
  • Investor
  • Bronx, NY
Posted

Hold and rent out or sell?

I was offered 300K more than my house is worth (a 2 fam).  Currently, my mortgage is 2000 a month and my rental income is 4600, which leaves me with 2600 a month income after mortgage.  My calculations tell me to sell and reinvest the gains into the market and buy a 3 fam for the same price that my home sells for.  The rent vs. sell calculator tells me to keep the house and rent out (http://renterswarehouse.com/rent-vs-sell-calculator/).  Am I missing something, or is it because the calculator assumes I am getting market price?

Loading replies...