Sell or keep my old condo? Condo worth around 450k and still 310k balance to pay off. Mortgage is 2200 (adding HOA) and monthly rental is 2300-2400. It's an old condo so maintenance has already ate 50-60k over the course of 3 past years. Should I keep it or ditch it given that the cash flow is so minimal & upcoming maintenance might take me another hit?

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Meh. I’d lean sell. Doesn’t sound like appreciation will be able to keep up with rising maintenance and HOA costs

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I’d concur, there isn’t a lot of wiggle room for HOA to go higher or for unexpected expenses

How much is it appreciating?

Very slowly, from 425k to 450k over 3 years

Location?

In that case, I would personally sell.

Definitely sell

Sell, especially if you need the money to put a strong down payment on the next place

Sell unless you’d want to keep it to borrow against it via cash out mortgage. Doubt that is the case since you still owe a lot

It sounds like you're losing money as is, not sure of property taxes but with profit of 200/mo you're like a single month unleased away from being in actual red. And all that is before maintenance?

How is mortgage pay down relevant? EY2 is talking about missing thin margins and future potential costs

Condos drop fastest in a pull back. Ditch it.

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