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Updated over 3 years ago,
Should I sell or rent?
We are moving out of our home and pondering selling it now or renting it out. We have about $200K in equity. We would use about $150K of that as a down payment and rehab of a new home.
We could generate about $100 of monthly cash flow if we rented our old home, or make about 60K if we sold it.
The cash flow isn’t good enough.
Definitely sell it, right?