Current Events > Should I sell or rent out my house within the next 2 years?

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Austin_Era_II
11/12/19 10:55:32 AM
#1:


It's valued at $500K by next year.

I got it for half that price and will be mortgage free by late next year.

If I rent it out (4 bedrooms & 2 baths) the going rate where I live to rent is $2500-2700 plus utilities.

That's about $30K a year revenue with the right tenants who can afford it of course. I would look into getting a property manager who would look after the rent for me so I don't need to deal with landlord headaches or just handle it myself.

Thoughts?
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The Original
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Dorfl_2
11/12/19 5:18:47 PM
#2:


Go for it. If it doesn't work out, you can still sell, so why not?
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Jesus answered and said to him, "Truly, truly, I say to you, unless one is born again he cannot see the kingdom of God." (John 3:3)
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Austin_Era_II
11/12/19 8:34:11 PM
#3:


True. I'd do a 1 year lease. Most likely I'm leaning toward selling.
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