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Updated about 10 years ago on . Most recent reply

User Stats

2
Posts
0
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Shaheed Rahh
  • Los Angeles, CA
0
Votes |
2
Posts

Selling vs Renting

Shaheed Rahh
  • Los Angeles, CA
Posted

Single family home downtown Los Angeles 

FHA Loan 30 yr

Original loan amount - $137,514

Original loan date - 8/11/2013

Current balance - $131,082

Interest rate - 4.250%

Monthly - $1,288

Property description:

4 bed / 2 bath 

1,400 sqft

Backyard 

Garage - currently no car access

4 car drive way (inline)

Porch

Small yard

Close to hwy, markets, schools, hospital, 1 mi east from USC.

I have read conflicting opinions on buying vs selling.  Using a calculator on one site it recommended selling and putting my money in a high yield savings because it would make more money vs renting.  However, those conditions I weighed we're assuming rent was under $2,000 monthly.  Then I read it's better to rent based on the 2% rule.  Just so many articles.  Your thoughts please...

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