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Steven Westlake
  • Developer
  • Bellefontaine Ohio
211
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351
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Opinions please, when to SELL, 1% rule

Steven Westlake
  • Developer
  • Bellefontaine Ohio
Posted Jun 11 2020, 07:15

 I have a 3 bed, 2 bath, 2 car in Houston, Texas. Current market rent is about $1450 to $1600, taxes are 2.65%, insurance is $100 monthly. A flipper just sold a similar house 4 houses west, same street, slightly less updated for $224,900. So my $174k taxes appraisal will rise come January. 
Fyi, i have already partly BRRRRed this one. Including remodeling and cash out refinancing, so I have zero of my money left in it, but thinking I should move the equity, approximately 85k after expenses on to a 1% property. In fact I already pulled out about $15k above my cost out, I have owned this 11 years. Please shoot this down if you can, or back me up. Thanks in advance.

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