Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

4
Posts
0
Votes
Chris Czernisz
Pro Member
0
Votes |
4
Posts

Should we rent or sell our free and clear property?

Chris Czernisz
Pro Member
Posted

Hello BiggerPockets, 

We are looking for some advice. We have two properties. One of them has a mortgage and our intention is to rent/Airbnb this property. The other one is free and clear (no mortgage or other liens on the property). We are trying to determine if we should sell this house and use the money for other investments or if we should hold onto this property and rent it out as well. We are looking to get started as a real estate investors and grow beyond these two properties. We know that keeping this property would give us good practice to see if real estate investing is right for us. In addition, most of the research we have done to this point says that you should not give up property if you don't have to. If anyone with more experience would be able to provide us with some tips or guidance, it would be greatly appreciated. Any specific factors that we should be taking into consideration or any lessons learned you have to share on this topic?

Thank you,

Chris and Rachel

  • Chris Czernisz
  • Loading replies...