Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

4
Posts
0
Votes
Bobby Maleki
  • Austin, TX
0
Votes |
4
Posts

Keep or Sell my House that i dont plan to live in.

Bobby Maleki
  • Austin, TX
Posted
I bought a house in Balcones Woods. Right in the middle of Domain & the Arboretum. The house is in a really good location. Its a 3 bedroom 2 bathroom with a huge backyard. I bought it for 385k in dec 2014. I lived in it a few months and then decided for me since i am only 1 person it is too much house and it being in a family area not the right fit for me. Everyone is selling me to keep the house and rent it out. It has negative cash flow if i rent it out now about $400-$500 a month estimation. The domain is expanding and becoming the second downtown austin slowly. Is it better if i rent it out. With negative cash flow or sell it and move on. I have been emotionally attached to the house since i am a first time home buyer at 4% interest rate. If i sell it right now ill probablt get 430k minus the realtor commission. I am not sure if i should keep the house. I can afford the negative cash flow and i dont mind managing the tenants. I dont see myself living in the house anytime soon since i am single with no wife and no kids. I would appreciate anyone with experience to give me their feedback. If i sell the house i would put it in an investment that yields about 10% per year return but on 50k. But the house is 430k and continues to appreciate. Please help me im seriously confused. I dont want to regret my decision. Thank you in advance.

Loading replies...