Help on current house

[Alan Hicks]

I have a 3/1 I paid $127k 2 years ago.

Current tenant is not going to extend lease.

Mortgage + escrow = $941.. rent was $1150.Rate is 5.75%.

Sell? Keep?

Basically not making any $ each month, no tax break (income >$150k).Seems I am carrying all the risk with no benefit.Thoughts ?

3 options:

1. Let it ride.. don't need the tax break, nor cash flow.

2. Sell it...

3. Just pay the house off and have good cash flow..

[Carmen Garza]

If you can sell within 30 days get rid of it, if you can re-lease it for at least $100 more (to a reputable tenant) keep it; I would hold on to as much cash as possible - there are too many unknowns in 2021.