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Updated over 5 years ago,
Need advise with current house
Hello, need some advise on what to do with our current house. We have a single family house in Everett WA that we purchased in 2011, we owe about $150k and our mortgage is pretty low.
We are debating about selling the house which on the market we are now i can probably sell for about 450k (estimate) or should i just hold on to it and rent it? We can probably rent it for about $1700 up to $2000 a month.
We are planning on just renting a small apartment for now since we are moving out of state and we do not know the area yet and possibly buy a house in the future and so we would need some cash for the downpayment which the sale would help with.
Any advise would be appreciatted.
Thanks for reading.