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Updated about 1 year ago,
New investor seeking advice from experts!!
Hey everyone! I’m new to the forum, I am 25 currently active duty Air Force. I have one single family house in Saint Petersburg fl. That is doing great, but in April I purchased another single family house also in st Pete and I have done a pretty comprehensive rehab on the house I’ve done all the work myself and spent around 40k. My mortgage is 2600 per month and I bought the house for 360k I am going to be getting out of the military in March and moving to a different state to go to school. My plan was to rent out the house but I just found out my taxes went up bringing the monthly payment to 3100 this is definitely higher than market rent in this area. It’s a 4bd 2bath 1400sqft 2 car garage. I think if I sell it I can get around 450-500k but it’s in an appreciating area. Very nice neighborhood and good schools. I really don’t know what to do. I have a newborn on the way and am getting out of the military to go to school full time. I feel like selling is my best option but I’ve put in a lot of hard work the past 7 months. I also don’t want to miss out on the appreciation. Sorry for the long post thank you all.