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Updated over 8 years ago,
Rent or Sell Primary
My wife and I are moving back to our hometown and purchased a house. I need advice on what to do with current house. Should i sell or rent? We have lived in it for over 2 years. I owe 146k on mtg and pay 1094 a month escrowed. The house is worth 300-325k. I can rent it for 1800 a month. I do not have plans to move back.
My questions is should I sell now and realize equity without capital gains. Or turn into long term rental. My wife is medical field and I am business for self so i really don't need the right offs. I would love to get your feedback and hear what you would do. Thank you.