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Updated over 4 years ago on . Most recent reply

User Stats

1
Posts
1
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Hunter Bernius
  • Temecula, CA
1
Votes |
1
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Moving overseas... what to do with current home?

Hunter Bernius
  • Temecula, CA
Posted

Hello all!

Please bare with me as I am new to the real estate investing world.

I am currently active duty military and just received orders to move my family to Okinawa, Japan for 3 years. I currently have a home in Temecula, California that I use as my primary residence. My question is, should I try to rent it out for 3 years while I’m gone (keep in mind, the rental rates aren’t high in my area and adding a property manager to it all, I’d likely be paying out of pocket monthly) in hopes that I’ll gain enough equity to make it worth my while in a few years time? Or should I sell it now, and take the small profit? Anything helps.

Most Popular Reply

User Stats

82
Posts
75
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Martin Carstens
  • Investor
  • Eagle, ID
75
Votes |
82
Posts
Martin Carstens
  • Investor
  • Eagle, ID
Replied

Hunter, you can always sell. However you only get to do it once! Try the rental, see if you can work it out? I spend eight months a year on the high seas. If I can do it "with a manager" anyone can!

Best of luck! 

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