First Investment…Rent or Sell?

[Monica Vasquez]

My husband and I have been wanting to get into Real Estate Investments for a while now. We’re making our first purchase this coming week and boy are there so many questions and concerns.

For this post I’m wanting advice whether we should sell or rent this first buy. 

Selling: We have the opportunity to make $50-75k profit within 6 months, hopefully less. Renting: we can make $1000-$1200 a month

Concerns: we’re entering this with very little start up, money will be tight for a while if we decide NOT to sell, if we hold on to it and rent it we can make our money back in under 10 years, and still have that property under our belt.

what else should we be considering?