Related Posts
Additional Posts in The Real Estate Bowl
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Download the Fishbowl app to unlock all discussions on Fishbowl.
Copy and paste embed code on your site
Send download link to your phone
OR
Scan your QR code to download
Fishbowl app on your mobile
Subject Expert
How long have you held it? What’s the mortgage rate? Does it need any major repairs? How much equity has been built?
I would definitely get into a more stable property with more cashflow. We may see a peak soon with interest rates rising. I’d rather cashout and move into something more stabilized than watch values start to decline and feel handicapped by the property.
Which market is this?
Ya get out and better use the money on something else
Can you recommend any markets?
Is your rent market rate? If so get out. Plenty of cash flow positive real estate
Yes and it barely covers my PITI + HOA and that’s it.
I’ve been going back and forth on this because it has been appreciating nicely. It’s a ROI vs cash on cash debate, I guess.
Why not raise the rent?
I’ve got competition from multiple local apartment complexes.