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Updated over 1 year ago,
Rent or sell my home?? Looking for advice!
Hi everyone! I'm looking for advice or your opinions on my situation.
I currently own a home in Orange Park, FL (basically Jacksonville) that I bought on March of 2020. It's a 4br 2 bathroom sfh in a really nice neighborhood and has a relaxing pond in the back yard. According to common real estate search sites like Redfin and Zillow the value has increased $100k-$130k. I owe $187k on it.
I'll be separating from the military in August and moving to Guam. I'm trying to decide if I should rent the house out or sell it.
If I rent it out I'll have a decent cash flow. I've also considered selling it and using the money to buy more property, specifically multi family homes.
What do you all think is the best route to take? Thanks in advance for any advice!