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re: Would you sell this home?

Posted on 1/24/26 at 10:03 am to
Posted by KWL85
Member since Mar 2023
3755 posts
Posted on 1/24/26 at 10:03 am to
Sometimes it is better to spend the money on a small retaining wall with water issues.. Water issues are a pain. I have regretted some cheaper attempts to resolve.
Posted by rpg37
Ocean Springs, MS
Member since Sep 2008
54443 posts
Posted on 1/24/26 at 6:34 pm to
We have a retaining wall in the backyard that I technically own sitting right behind a fence. I guess we could pull the fence down and elevate it more?
Posted by Motownsix
NOLA
Member since Oct 2022
3267 posts
Posted on 1/25/26 at 5:28 pm to
quote:

The home was bought for $140k and appraises for $320k now. It has a 2.75% interest rate and $711 mortgage. It rents for $1,925/month. It cash flows just fine, but, as I approach the end of the two in five window, the capital gains I would take if I sold later would be in the neighborhood of another $50,000.


Not knowing all the details I would keep it as a rental at least until the 5 year mark and then sell it doing a 1031 exchange. Avoid the taxes and find either another rental or a nice vaca second home.
This post was edited on 1/25/26 at 5:30 pm
Posted by KWL85
Member since Mar 2023
3755 posts
Posted on 1/25/26 at 5:33 pm to
Doubt it is the height. Proper french draining around the wall is needed. Since you have a known water issue, might be good to hire a company with such experience.
Posted by makersmark1
earth
Member since Oct 2011
21171 posts
Posted on 1/25/26 at 8:10 pm to
If I’m not living in it, I sell it.

I have no aptitude or patience for being a landlord in any capacity.

Others may do very well with it.

I would not enjoy it.
Posted by deltaland
Member since Mar 2011
102449 posts
Posted on 1/25/26 at 10:31 pm to
quote:

left Oxford for another coaching position.


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