Updated almost 5 years ago on . Most recent reply
Sell or Rent: Austin
Hey BP fam,
I’ll try to keep this short and simple. Have a primary home moving out of and analyzing whether to sell or rent. Stats:
-PITI: $1950
-Rent: $2750
-Current Loan Amount: $300K
-Current Value: $475K -$500K
Other factors:
-Interest rate: 2.75%
-House was built in 2018 so maintenance and repair should be minimal
-Current housing inventory in our market: 0.2 months
-There is a housing shortage going on right now that doesn’t show any signs of slowing down. Selling or renting are both too easy.
-Moving into another property in town to house hack (that we’re already up $40K in equity on and have a great rate of 3.375%) so we’ll be in the area to self-manage.
What would you do? Interested to hear what fellow investors here think about the situation.