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Got a question for you guys. I have a fiveplex that I own, well the bank owns 75 percent of it. It profits me about 500 a month, not much for the liability I have. Once it is paid off it will profit enough to have a paycheck. I asked my realtor what it was worth and if I sold it I would profit about 180k which is enough to buy and flip a home. What would you guys do?
 
Dump it and move on. The positive IS NOT worth the potential liability !
 
Me personally, I hate dealing with renters. There's always an issue, can't pay rent on time, plumbing doesn't work, roof leaks, water heater broke...... Buy and flip and be done with it, like Cause said, move on.
 
I also have four other rental properties all making money. I have a management company so I dont deal with anything more than I want to.
 
I could sell it and pay off my house but what fun would that be
 
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