When to sell, when to hold

First I've been following this sub for years. You guys are great. This is one of the most productive subs I follow.

I own one house. Bought large single family house as a foreclosure around 2012. Lived in for about a year while fixing it up. Bought for 190k, put down 30k. Mortgage is now about 145k

Been renting out for about three years now. After management fees I clear on average $300 a month.

In the meantime the market in the area has surged. I strongly believe I could sell in the mid $280s. After realtor fees, minus my down payment and elbow grease, I would pocket/profit around 90k.

The house is now 20 years old. It has a brand new roof and a/c.

At 300 a month I think it would take 25-30 years to make 90k and by then the house would be worthless.

I'm interested in thoughts and suggestions on selling and moving on to the next house.

More real estate tips at Program Realty Wix site


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