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Updated over 6 years ago,

Account Closed
  • Arlington, TX
2
Votes |
12
Posts

Rent or Sell My Current First House?

Account Closed
  • Arlington, TX
Posted

I have a house that Im considering either selling or renting and wanted to know what anyone thought on here.

Bought the house for $105,000 and still owe $91,000

Values have gone up in the area and it is now worth $170,000 + in the Arlington Texas area and similar rents look to be at least $1500 a month.

I want to get into real estate investing and have cash flow properties and don't know if it would be a good idea to rent it or sell it to get started. What would be the best way to go forward?

I also purchased this as first time buyer through FHA so I think I would need to refinance to rent it out and don't know what other considerations about buying another house I would need to think about and any information that would help would be greatly appreciated.

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