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Updated over 6 years ago,
Keep on market, or rent out?
I bought a house that was five miles from my work for 105,000.
Then I got married.
We moved to her house.
I have had it on the market for over a year. It’s not in an area where people are moving to. There are no jobs in the area.
I stopped trying to sell it and rented it for six months but the tenants kept being late on rent so now it’s back on the market.
I get a lot of people calling about it and coming to view it but no one has made an offer yet.
The mortgage is 650 per month.
That is about the average rent in the area.
I feel like I couldn’t find someone to rent it for more than like maybe 850 just guessing. Ideal would be 1,000.
There is nothing wrong with the house. It’s nice. Has an awesome view.
I just don’t know If I should turn it to a rental property or keep trying to sell it. I really just want it off my hands.
Thanks.