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Updated over 1 year ago, 05/09/2023

User Stats

7
Posts
5
Votes
Anthony Reyes
  • Midlothian, VA
5
Votes |
7
Posts

To keep renting or sell

Anthony Reyes
  • Midlothian, VA
Posted

I have a property that I have been renting out for about 6 years. The mortgage is $830 a month and I rent it our for $1850 per month. There is about 250k in equity. I am having to evict the current tenant for non payments for the past 3 months and my property management company is merging with a different one because of health reasons of my current one. Do you all think it would be wise to keep renting with the healthy profit or sell and wait to see what the real estate market does? Im leaning towards keeping it rented because of the low mortgage. Just wanted any other insight. 

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