All Forum Posts by: Jamie K.
Jamie K. has started 6 posts and replied 119 times.
Post: Sell my new rental for a 30k profit or keep renting??

- Rental Property Investor
- IL
- Posts 120
- Votes 92
@Derrick Burtle Thank you!
Post: Sell my new rental for a 30k profit or keep renting??

- Rental Property Investor
- IL
- Posts 120
- Votes 92
@Jibu V. This is something I need to keep in mind! It's hard to see the big picture as a new investor! Thanks for the awesome feedback!
Post: Sell my new rental for a 30k profit or keep renting??

- Rental Property Investor
- IL
- Posts 120
- Votes 92
@Matthew Paul wow! Great comparison and thanks so much for your reply!!
Post: Sell my new rental for a 30k profit or keep renting??

- Rental Property Investor
- IL
- Posts 120
- Votes 92
@Petur Karlsson well said and thanks for the awesome feedback!!
Post: Sell my new rental for a 30k profit or keep renting??

- Rental Property Investor
- IL
- Posts 120
- Votes 92
@Joe S. Absolutely! That's why I consult with fellow investors before making any decisions:)
Post: Sell my new rental for a 30k profit or keep renting??

- Rental Property Investor
- IL
- Posts 120
- Votes 92
@Bud Gaffney Thanks Bud! That seems to be the consensus! I originally bought it to hold for as long as possible so I'll have a house paid for in the end. Thanks again!
Post: Sell my new rental for a 30k profit or keep renting??

- Rental Property Investor
- IL
- Posts 120
- Votes 92
@Rick Albert hey Rick! Thanks for taking the time to reply! I planned on using the profit on a larger multifamily property (which I haven't found yet). My gut is telling me to hold onto it as it's a great rental in a safe area. Hence the dilemma 😅
Post: Sell my new rental for a 30k profit or keep renting??

- Rental Property Investor
- IL
- Posts 120
- Votes 92
@Mike Bargetto Hey Mike thanks for the honest and knowledgeable reply!
Would you change the way you went about your rei journey or are you glad you sold them off when you did? How much equity would make it worth selling I guess is the big question. I do have some cash reserves and a line of credit that I can use as well if I find a great deal.
Thanks again!!
Post: Sell my new rental for a 30k profit or keep renting??

- Rental Property Investor
- IL
- Posts 120
- Votes 92
@Duncan Hayes thanks for taking the time to reply! Great advice!
Post: Sell my new rental for a 30k profit or keep renting??

- Rental Property Investor
- IL
- Posts 120
- Votes 92
@Gord Collins yes my sister is a realtor and she keeps telling me to sell. I have a tennant in place until December so I will have to decide soon!
Thanks for the advice!! I definitely want to cease the opportunity I just need to crunch some numbers and figure out exactly how much I would walk away with vs keeping it and increasing rent every year.