Sell or Rent: Austin

[Travis Washington]

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.

[Travis Washington]

Originally posted by @Victor Steffen:

I think it's fair to say you won't lose money by renting it. If you sell it you remove yourself from the potential appreciation wave caused by (as you said) the housing shortage. If there's no need to sell, why kill the goose? You'll walk away with 100-125k if you decide to sell... hooray. Unless you have a plan for that 100k that outperforms the current asset, I say hold onto it. Make yourself a nice little real estate collection :) 

 My guy.✊🏽