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Updated almost 4 years ago on . Most recent reply
![Joseph Grullon's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/192544/1631069998-avatar-grullj.jpg?twic=v1/output=image/crop=1284x1284@0x212/cover=128x128&v=2)
Looking to buy a new home, should I rent or sell my first condo?
After living in our first place for the past seven years, we are now looking into buying a new home. The struggle we are having is whether to sell and use the proceeds towards a down payment on a new home, or to keep and rent out? Numbers below:
Bought in 2015 - $197k
Remodeled - $30k
Currently owe - $189k
For sale comps - $255k
Could probably rent - $1950
Mortgage with HOA, taxes, insurance - $1550
Currently have about $50K to put down for the next house. Looking in the range of $450k.