Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Calculate net rental yearly income and see how many years it will take to receive the sale price.
If you can collect the sale price of today in 15 years of rental revenue I will keep it as rental.

Rent adds up to much lower than sale price.

Can you tell us monthly rental income and what the sell price is ?

3200 a month. Sell price is 800k+

38K for the year. Take out 18K per year for maintenance, tax, and other expenses. You are left with 20K actual cash coming to you.

2.5% returns on selling price.

Can you find more than 2.5% returns anywhere else?

I just took these numbers roughly and you can adjust it, but you can see the big picture.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Calculate net rental yearly income and see how many years it will take to receive the sale price.
If you can collect the sale price of today in 15 years of rental revenue I will keep it as rental.

Rent adds up to much lower than sale price.

Can you tell us monthly rental income and what the sell price is ?

3200 a month. Sell price is 800k+

Anonymous wrote:

Anonymous wrote:Calculate net rental yearly income and see how many years it will take to receive the sale price.
If you can collect the sale price of today in 15 years of rental revenue I will keep it as rental.

Rent adds up to much lower than sale price.

Can you tell us monthly rental income and what the sell price is ?

Anonymous wrote:Calculate net rental yearly income and see how many years it will take to receive the sale price.
If you can collect the sale price of today in 15 years of rental revenue I will keep it as rental.

Rent adds up to much lower than sale price.

Calculate net rental yearly income and see how many years it will take to receive the sale price.
If you can collect the sale price of today in 15 years of rental revenue I will keep it as rental.

Anonymous wrote:Keep it rented- it’s basically free money assuming no mortgage

"Free money" except the part where you have to pay real estate taxes, insurance, maintenance costs, management fees, etc.

Selling and investing the funds yields truly free money.

Anonymous wrote:Keep it rented- it’s basically free money assuming no mortgage

+1

Keep it rented- it’s basically free money assuming no mortgage

OP - It’s been self managed since the early 2000s. I don’t have any special real estate experience.

Anonymous wrote:Are you a real estate investor who has experience managing rentals or building houses? If not, then sell it, invest the money, and be happy to not have created a new part-time job for yourself.

If it has a manager who is doing a good job, I'd keep it as a rental. I wouldn't if it was self managed.

Otherwise, sell.
I would not try to build new for sale, that is time consuming and the market is a bit slow.

Are you a real estate investor who has experience managing rentals or building houses? If not, then sell it, invest the money, and be happy to not have created a new part-time job for yourself.

I have an old split level that was handed down to me. I’d classify it as a tear down, but it’s been rented out forever and I’m trying to decide what to do with it, ie keep it rented out, sell it as is, tear it down and build new/sell, or something else. What is the best approach and why?

I don’t want the house to live in. It’s a .25 acre lot in Fairfax county.