So I've mentioned in previous posts that we are selling House #1. It was a great property and a great starter house but the cash flow is just not there and it's in a market/area that we don't want to be in anymore. Unfortunately, we just got notice that the tenant is moving out. They gave their 30-day notice. It may be because there is an MLS key that allows people access to the home while she isn't there. She may not want to wait around to see if the new owner's want the house or will continue to be investor's. Either way, we've got 30 days and she's gone.
This is our first time selling an investment property and it's a great learning experience. After this we should know what to expect which will weigh in our decisions to sell. So far, nothing has happened that makes us think it's a bad decision. The house is in an area that we are not and don't know well. I'm a big advocate of farming where you have a presence, at least in the beginning which is why we're buying where my Dad and Brother live. Stay tuned for more updates.
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