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Updated about 1 year ago,

User Stats

11
Posts
16
Votes
Kayde C.
  • New to Real Estate
  • San Antonio, TX
16
Votes |
11
Posts

New investor in need of serious advice please

Kayde C.
  • New to Real Estate
  • San Antonio, TX
Posted

I purchased my first "investment" SFH a little over a year ago for $435k in a A-list neighborhood in Central Texas. Due to property taxes, insurance, etc my mortgage is $4,200/month. However, according to my comps houses in the area are renting for just about $3,000/month. I'm wondering if I should sell now (It's worth about $100k more than when I purchased it due to inflation and about $80k of renovations) or if I should rent it out for the $3k/month and let it keep appreciating until I'm able to refinance a few years from now.

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