Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Rent or Sell My Current First House?
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.