Reported 2 days ago
A real estate investor is questioning the wisdom of selling a rental property that has nearly doubled in value since its purchase in 2015, despite having a favorable 2.75% mortgage. With the property's worth increasing from $450,000 to approximately $850,000, the owner faces challenges including high maintenance costs and rising property taxes, which complicate their decision. While some Reddit users advise selling for better returns elsewhere, others argue that the low mortgage rate is too valuable to discard. The couple is torn between long-term emotional ties and financial practicality as they weigh their options.
Source: YAHOO