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Updated almost 9 years ago,
Should I rent or sell?
I have a house that I purchased to flip. I am almost done with it, I paid cash for it, I have about 105k in it. Can easily sell for 140k on the low end and -160k on the high end. I am getting ready put it on the market. However sometimes I wonder if I should just rent it. I am sure I could easily get 1200-1350 per month easily. I really can't buy another property cash unless I sell this one. I have good credit and plan on starting to look for a cheap rental property here in the next month. I also have another house that was my primary residence that will be paid off in about 5.5 years. If I keep both as rentals. I could also have original home that I used to live in paid off in less than 3 years if I apply both rents toward the mortgage. Any thoughts?