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Updated over 3 years ago,
Should we rent or sell our first home?
We are in the process of selling our first home to buy our second, but we also have the option to rent it out. We live in Denver, which is a great market to rent or sell in. We stand to make close to $200k (after fees) if we sell our home. Our plan was to take that cash and invest in our first BRRRR property.
We stand to make $1200/mo of rental income if we rent our Denver property out. This is before expenses, so I'm guessing it will be closer to $600 cash flow a month. I know no one can tell us what to do, but I'm curious to hear your opinions. What would you do? Thanks in advance. :)