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.
Buying & Selling Real Estate
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 about 2 years ago,

User Stats

1
Posts
0
Votes
Phil Dolc
0
Votes |
1
Posts

Sell or Rent Primary Residence. What would you do and why?

Phil Dolc
Posted

Here is the scenario:
Personal residence built in 2017

Option 1:
Monthly Rent - $2,500 a month
Monthly Expenses (3.25% interest mortgage, taxes, insurance...self managed) - $868
Potential Cash flow - $1,632 or $19,584

Option 2:
Profit if sold- $250,000  (would not pay taxes on it, if sold)
Don't really have a plan with the $ if sold, except use some of it to pay down new home mortgage (4.25%)

I know there are more than a few posts like this so I apologize for a little redundancy.  I would appreciate any tips, advice or insights to help me think through this. Thank you for your thoughts in advance!


Loading replies...