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Updated over 5 years ago, 09/16/2019

User Stats

5
Posts
6
Votes
Devin Boyle
6
Votes |
5
Posts

Relocating Need 2nd Opinions

Devin Boyle
Posted

Looking for some opinions on what you would do?

A friend of mine owns a home in eastern Massachusetts in a desirable area, commutable to Boston with good schools. He owes roughly $260k on a mortgage and the house is worth about $350k. He was recently offered a job in Nashville and is going to be relocating. 

He is trying to decide between the following options:

1 - Sell house in MA and use majority of proceeds to pay off high interest debt.

2 - Rent out house in MA which would cash flow approximately $300 per month after mortgage is paid.

The debt load is credit card debt and fairly significant. Any thoughts or ideas are appreciated thanks!

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