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Updated almost 9 years ago on .

User Stats

32
Posts
4
Votes
Miguel Ochoa
  • Investor
  • Hercules, CA
4
Votes |
32
Posts

Sell or Rent Condo in Eastbay ca

Miguel Ochoa
  • Investor
  • Hercules, CA
Posted

Hello all new to BP was looking for some advice. I bought a 1 bed room condo all cash for 200k now I am needing a 2 bedroom having a baby on the way and not sure if I should sell the condo or rent it out. I would like to flip or wholesale houses and have the money ready to go if an opportunity pops up. I have bought and sold houses before and feel like the timing is not right for flipping. the condo will sell for $240k I would have to pay capital gains and commission so would not clear much. I would like to buy a house using a VA loan or rent to free up capital. I would like to see if you guys think I should rent ($1000 take home) and see if the condo goes up some or sale and cash out? thank you.