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Updated over 6 years ago on . Most recent reply

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Teri N.
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Should I rent out or sell my condo

Teri N.
Posted

I bought my condo 18 years ago for 170,000.  It's worth about 270,000 now.  I have 43,000 mortgage left.  I can rent it out for about 1,600/month.  My mortgage and interest is 680/month and taxes are 400/month. 

There is going to be a special assessment soon of about 2,000 + 2 years of an additional 150/month.

I can't deal with tenants calling me constantly with every little thing that is wrong (my pipes tend to clog) so rental would be contingent on tenant handling these things on their own.

If I do sell, I would put the money in a mutual fund.

What do you think?

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