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Updated almost 10 years ago,

User Stats

24
Posts
2
Votes
Brandon M.
  • Westminster, CO
2
Votes |
24
Posts

Advice on whether to sell or hold

Brandon M.
  • Westminster, CO
Posted

Hello all, I'm new to BP and new to the real estate world.

I purchased my first property about 7 years ago and it's current estimated value is about $7k less than what I purchased it for.  

For the last 2 years, I've been renting the property out for just enough to cover the mortgage.  I am in the military and soon moving back to the same area and plan on moving in for 2 years.  

My concern is that the property is just tying up my money and perhaps not worth holding onto.  Should I look to sell it or hold onto with hopes that the value will increase or use it as a rental property down the road?

Any advice would be very much appreciated.

Thanks,

Brandon

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