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Updated over 9 years ago on . Most recent reply

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15
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2
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Mikisha Simms
  • Clinton, MD
2
Votes |
15
Posts

Stay in rental or buy another home

Mikisha Simms
  • Clinton, MD
Posted

i own two rental properties but I'm currently going through the eviction process for one. This year I planned on purchases more properties but primarily my first multi-family. I'm currently house hacking with my brother-in law but after the eviction process is over, we have to decide on moving back into that house or purchasing another for a place to live. The house is beautiful but the school system sucks, so should I suck it up since I'm trying to purchase other investments this year or should we rent it out again and move to VA which have better schools. My daughter is 4 and the I'm debating moving back to rental in Prince George's County MD.

Most Popular Reply

User Stats

88
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19
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Patrick Donovan
  • Investor
  • Dubuque, IA
19
Votes |
88
Posts
Patrick Donovan
  • Investor
  • Dubuque, IA
Replied
For me family always comes first so if it's in your daughters better interest to go to VA then that is what I would do. Real estate will always be there and you can hold off for a year to purchase more. As for renting out make sure you're doing your tenant screening to do your best to avoid the evictions! You can find good tenants as long as you're doing your screening.

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