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Updated over 5 years ago, 07/19/2019

User Stats

13
Posts
4
Votes
Tammy Price
  • Cary, NC
4
Votes |
13
Posts

To sell or rent when losing money on both..

Tammy Price
  • Cary, NC
Posted

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

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