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 about 6 years ago,

User Stats

261
Posts
166
Votes
Patrick Flanagan
  • Property Manager
  • Prineville, Or
166
Votes |
261
Posts

Should I rent my house out or sell it and collect the interest

Patrick Flanagan
  • Property Manager
  • Prineville, Or
Posted
Hey bigger pockets members, I bought my house(1100 sqft 3bd 2bth) for 171,000 a year and a half ago. I owe $167,000 on it. I recently got my house appraised at $235,000. Which I could not believe. So I would like some advice on wether I should cash out at my 2 year mark and collect $50,000-$70,000 or continue with my original plan. Which is use my VA loan, live in the house for 2 years then switch the loan from a VA to conventional loan. I’d like to repeat that cycle until I get about 10 house that I can rent out. My local property management company told me I could rent my house out for $1400-1600 a month, my mortgage with a conventional loan would be around $1200 a month. My over all goal is good cash flowing rentals, I’d like to pay them off as soon as I can. So I’m stuck on wether I should use that money to acquire more investment properties or if I should just keep the house and find a good renter? Thanks for the help, Patrick

Loading replies...