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Updated over 5 years ago, 07/19/2019
To sell or rent when losing money on both..
Hi,
I'm moving from Atlanta to NC, I'm try to cut expenses buy selling or renting the house I'm leaving in Atlanta, it's a new home constructed in Sep 2018 it cost $266000 with a VA loan 2 car garage 5bed 3bath with a framed basement and the potential to have 2 more bedrooms, just got it appraised and it came back at $247000, I asked a property manager and he thinks the max we could get it rented for is $2000 a month, to cover cost and no cash flow I need at least $2230 a month, feels like this is a complete money pit. What would you do? Do you see any other potential options like AirBnb it?
Thanks