Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago, 06/13/2023

User Stats

27
Posts
5
Votes
Scott Rovner
  • New to Real Estate
  • WEST CHESTER PA
5
Votes |
27
Posts

Should I sell or rent

Scott Rovner
  • New to Real Estate
  • WEST CHESTER PA
Posted

I am not sure if I should sell my first home and rent it out? I currently rent with my wife we just welcomes our third son who unfortunately has some medical problems. We bought out first home about 10 years about for 250K, We have 168k left on the mortgage can can probably sell for 325k+ I was trying to use some equity to consolidate some debt and pay some medical bills but that that proven difficult. My bank account number was stolen about 1 and a half years ago and if messed me up financially for months. I ended up misses some payments on some things and my credit took a hit. I am current with everything now but those missed payments have come back to haunt me. My goal was to use some equity and them rent it out for additional income. But I feel l like if I can make 150k + selling it I should. Then then use that for my original purpose then them use the remaining to buy a nee home down the road. Any input would be greatly appreciated. 

Loading replies...