Advice

[Anthony Snyder]

hello bp members,

I'm looking for advice on what I should do for my first rental. My girl friend and I are looking to purchase another house here soon. I took out a mortgage 3 years ago when I was 22. It's a lake front property only electric motors. I'm debating if I should sell it are or rent it out. I have a 3.6 interest rate locked for 30 years. I owe 79,000 and bought it for 84,000. Zillow estimates it for 120,000. Plus I added a bedroom by using half of my garage. Now it sits with 3 bedrooms. Could you guys please give me some advice I really want to start investing in real estate. I also don't have such a good credit score because I was late on my payments but for the last year and a half I have not been late on my bills plus my score went up 100p but I'm sure I still can't take out a loan and purchase another house just for renting. Thanks friends! 

Anthony