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Updated almost 9 years ago,

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8
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0
Votes
Richard Mahn
  • Engineer
  • Georgetown, TX
0
Votes |
8
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Sell or rent??

Richard Mahn
  • Engineer
  • Georgetown, TX
Posted

I'm getting ready to move out of state for work and trying to decide between selling or renting out my house.  I'm hoping for some sage wisdom from the BiggerPockets group. The house is only two years old, so I'm hoping maintenance and repairs will be minimal, and I'm in a great rental market so I'm planning for low (~2%) vacancy. If I sell the home, I'd be looking to pocket around $10k, which is good but not life changing. If I keep it to rent out, and manage it myself, I'd cash flow little better than $100/month, even with my conservative estimates. I think the area is going to continue to be a strong market in the future, and my thought is that even conservative appreciation could help me acquire better rental investments in about 5 years when I plan to move back. Is keeping this property a bad idea? Thanks in advance for any insights.

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