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Updated over 2 years ago,
Selling my home and relocating or keeping my home
Hello all!
I’m new here and looking to break into real estate.
I’m currently living in Long Island with my home and I’m thinking about moving to Jersey where it’s cheaper but I don’t think I want to sell my house in Long Island.
One part of me wants to rent my home and turn my home into an asset but the other part of me wants to sell it take the profits and run and reinvest into the market in Jersey where taxes etc are drastically less.
I’ve had my home for 2 years now and I’m pretty sure I can get well over what I paid and have profits.
my other concern is that ny is a tenant friendly state so if my renters stop paying I’m left paying the mortgage here and My new location.
Any ideas or suggestions?
Any other ideas for renting?
should I look into programs?
What would you do??
thanks In advance?