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Updated almost 11 years ago,
sell my house or Rent it out
I would like to get into a duplex to start investing.
I currently have a house that I live in 3 bed 2-1/2 bath and a bonus room atop a 2 car garage. Its 1700 sq. ft. and sits on .25 acre. Any way I am wanting to grab a duplex so that I can start in the multi-family business.
Should I sell the current house I'm in and not have to worry about dealing with two payments so early in the game? Or would I loose out on extra income from not just renting it out and taking the chance?
Thanks,
Reginald