To sell or to hold, Littleton CO

[Alysha Pederson]

I have a single family home in Littleton, CO current market value about 440K. 3 bdr, 3 ba, unfinished basement. The home is paid off, but not in a traditional renters market. The home is made for a family to rent. Should I hold on to this home and find a family to rent it, or should I consider selling it in order to put a down payment on possibly 3 homes?

I have a low annual income, the home was passed on to me through my fathers will. I will likely need a cosigner in order to purchase another home if I use his home as a rental property. 

I'm happy to provide more questions as needed. If there are any investors or agents in the area that have advice then I would be eager to hear your opinion. 

Thank you!