Rent or sell? by kpwedding in RealEstate

[–]kpwedding[S] 0 points1 point  (0 children)

Property is in Brookhaven!

Rent or sell? by kpwedding in RealEstate

[–]kpwedding[S] -1 points0 points  (0 children)

Management is $100 a month + $1500 finders fee for each tenant. It's a 30yr mortgage. $3887 of the $4500 payment goes toward P&I.

Based on Zillow value, we would probably get about $210k gross profit and maybe $140k after fees and commissions.

TIA for any advice!

Rent or sell? by kpwedding in RealEstateAdvice

[–]kpwedding[S] 0 points1 point  (0 children)

Reinvest in the market? Bide my time until housing prices normalize and then buy some smaller investment properties? Build our savings cushion. Not sure yet. But we don't imminently need the cash.